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.
References in periodicals archive ?
I verily believe that there has been over-invoicing by Huyton by means of inflating the costs of freight, discharge costs, packing, surveyors' charges and other relevant costs for the delivery of maize to the government of Kenya contrary to the joint venture agreement,' Kindie says in his replying affidavit.
It's probable that each company would use relevant costs in Slovakia not their incomes which Slovakia would try to tax," said Juraj Valis from the Slovak Chamber of Tax Advisors, as quoted by Hospodarske Noviny.
In some areas, fish catch averages 3 kilos to 5 kilos a day, barely enough to cover the cost of gasoline and other relevant costs when fishing out in open seas.
Solution Awareness Trophy will be used to cover travel, accommodation, and other relevant costs contributing to the demand-driven South-South knowledge exchange involving the winning youth leader/organization.
The writ is a mode of execution of a judgment aiming the collection of the debt and the relevant costs through the sale of an immovable property of the debtor.
There were four relevant costs included in this CEA, namely: (I) hospital length of stay/patient-day, (II) cost of defined daily doses (DDD)/patient, (III) resources to provide microbiological and imaging diagnosis of infections, and (IV) human resources workload per day.
His theory of agency is one in which individuals have the right to decide which values they should pursue, and how best to achieve them, based on local knowledge of relevant costs, benefits, and tradeoffs.
The Electoral Commission said: "If any relevant costs associated with volunteers campaigning specifically for a particular candidate were incurred, we'd expect those costs would be reported as part of the candidate's spending return.
Despite the fact that the rails didn't tie their increases to relevant costs, they now insist that they can't afford to reduce prices.
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.