Irrelevant Costs

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Irrelevant Costs

In managerial accounting, costs over which executives have no control and therefore which cannot be cut to reduce expenses. Examples of irrelevant costs include rent and insurance. Some costs may be irrelevant under some circumstances but relevant under others.
References in periodicals archive ?
My feeling is that the Bank of England has made the bank rate an irrelevant cost and that needs to change.
Using irrelevant cost data can cause miscalculation of average cost and therefore affects accurate evaluation of efficiencies of libraries.
Maybe perhaps in the very long term, but the cost of a bar code is very little, almost an irrelevant cost.