Relevant Costs (Managerial Accounting)

When making decisions, managers should only focus on relevant costs-- those costs that differ among the various alternatives.  This video shows how to evaluate relevant costs (and ignore sunk costs or costs that do not change depending on the decision) in determining whether to drive a car or take a train from St. Louis to Chicago.
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• #education
• #relevant_cost
• #sunk_cost
• #managerial_accounting
• #management_accounting
• #cost_accounting
• #accounting
• #make_or_buy