relevant cost
A *cost that has a bearing on a decision-making process or that is affected by a decision-making process. See also *avoidable cost, *controllable cost, and *discretionary cost.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Relevant Cost — A managerial accounting term that is used to describe costs that are specific to management s decisions. The concept of relevant costs eliminates unnecessary data that could complicate the decision making process. Relevant costs are decision… …   Investment dictionary

  • relevant cost — An expected future cost that varies with alternative courses of action. Decision making involves choosing between such alternatives and to make the best choice a manager needs to identify the future cash flows for each decision. Costs that have… …   Accounting dictionary

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  • Существенные затраты (RELEVANT COST)  — Затраты, которые необходимо учитывать при выборе альтернативного решения. Для принятия решений существенную роль играют только те затраты, которые еще не понесены (являются будущими) и отличаются от альтернативных (дифференциальных) …   Словарь терминов по управленческому учету

  • Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …   Wikipedia

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  • cost tracing — The process of assigning direct costs to the relevant cost objects Compare cost allocation …   Big dictionary of business and management

  • Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both …   Wikipedia

  • Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… …   Wikipedia

  • Cost-effectiveness analysis — (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost effectiveness analysis is distinct from cost benefit analysis, which assigns a monetary value to the measure of… …   Wikipedia

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