Only the variable costs identified with a product are relevant in a decision concerning whether to eliminate, or to accept the product.

Name: Only the variable costs identified with a product are relevant in a decision concerning whether to eliminate, or to accept the product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fixed costs and other relevant costs, such as opportunity costs, should also be considered in the decision-making process regarding whether to eliminate or accept a product.

Only the Variable Costs Identified with a Product Are Relevant