Relevant Costs

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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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Critically, economics teaches that the relevant cost is what we call the opportunity cost, which is not the number of hours a task takes you but rather what you forgo by not pursuing the next best use of your time.
In addition, it also suggested to set a maximum limit on appeal for penalty charges reduction and fix penalties for developers who refuse to build PRJ units with a more relevant cost by taking into account the actual cost of the house construction.
However, chairman Joseph Oreko cleared the air after showing relevant cost receipts.
This has further supplemented energy demand and relevant cost in structures of commercial and residential sectors alike.
The 2012 survey indicated that the availability of investment funding in relevant cost modeling technology wasn't a significant financial constraint for most companies, but companies were reluctant to invest in new cost modeling methods.
For 2015 through 2017, 50% of the relevant cost may be deducted.
To balance productivity with investment, the Pick Module Configuration Optimizer uses data based on thousands of client profiles and tailored by the relevant cost of workers.
[TC.sub.si0], total relevant cost of material i per year for the manufacturers with independent replenishment;
Another tool is to pressure economists to omit relevant cost data.
The assessor said that she used a state-approved appraisal manual, a widely used computer program, and relevant cost and sales data from the surrounding area.
Depending on the given ambient noise level (decibel), the company recommends the use of special glazing, composite or box- type windows as well as computing the relevant cost.
'This type of instrument offers relevant cost and payment terms for our current and future investments.