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 ?
With the increase in revenue and the reduction of relevant costs and expenses, the Group recorded a net profit of HK$82 million, representing a remarkable growth of 291.0% over the same period of last year.
To avail the aforementioned visa status for his son, a parent should pay the relevant costs for the visa to the GDRFA.
The court considered there was no merit in that argument as the relevant costs jurisprudence did not suggest points could be totted up in such a way.
Their response stated: "The cost of the Category 'A' Escort is not held in full by the Merseyside Police, as it involved three public authorities, each of which is responsible for the services provided and therefore the organisation's relevant costs.
Their response stated: " The cost of the Category 'A' Escort is not held in full by theMerseyside Policeas it involved three public authorities, each of which is responsible for the services provided and therefore the organisations relevant costs.
It is voluntary and the civil servant in this case bears relevant costs, he explains.
"School administrators should carefully consider the relevant costs and benefits before implementing such a schedule change, and one of those costs should be the change in crime."
Look for the price - promotions need to make all relevant costs clear before a consumer engages with a service.
Costing is often a very confusing and frustrating topic with its standard costs, variable costs, fixed costs, marginal costs, budgeted costs, actual costs, relevant costs, etc.
'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 is hard to say how much money Slovakia has already lost as only the profits after the deduction of costs are taxed."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.