Relevant Costs

Relevant Costs

In managerial accounting, costs relating to decisions executives are able to make. For example, employee salaries may be a relevant cost because executives (usually) decide how much to pay their employees and can raise or lower them according to need and efficiency. Some costs may be irrelevant under some circumstances but relevant under others.
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The council has earmarked millions of pounds for the build costs but an agreed funding package would then be determined with the sponsor to cover appropriate levels of funding for staffing, resources, equipment, furniture and other relevant costs.
Moreover, being an all outdoor platform, we were very pleased with the simplicity of the installation and commissioning, as it allows Vodafone operations to reduce set up time and relevant costs.
You will be surprised to know that not many products (out of the thousands) make it through our due-diligence process, when we start assessing suitability, transparency, liquidity, relevant costs, risk and performance vs.
Even those who know what relevant costs are and how to calculate them operate inside a system that isn't capable of providing relevant information in an appropriate time frame in which to act.
There are three areas that you need to understand fully before you even come to calculate the net present value (NPV) of a project: the relevant costs and revenues; the timing of cash flows; and the application of taxation.
We considered all relevant costs, including costs to implement and the cost to educating investors.
Gulf oil integration could contribute to slimming relevant costs by means of devising concerted policies involving exploration, refining, marketing and pricing, the report emphasized.
The investment is expected to help stabilize TEPCO's overall LNG procurement and save relevant costs at a time when it is expanding LNG-based power generation to make up for the shutdown of nuclear plants following the accident.
Its similar counterpart which is owned by a German company is so complicated and is eight times more expensive than the domestic device in terms of used gases and other relevant costs," Mohajerzadeh noted.
Secondary issues include financial accounting journal entries, relevant costs in decision making, budgeting, production schedules, and the accounting cycle.
The process is essentially a tender in which the advertiser's invited media brands are given the opportunity to confidentially respond through the platform with their best proposal, including all relevant costs.
Because TOC emphasizes variable costs as the only truly relevant costs for decision-making purposes, TA has been referred to by some as a type of "super-variable" cost accounting.