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What makes a cost relevant or irrelevant

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Reference no: EM133148149

Question 1 - What makes a cost relevant or irrelevant? Identify the two types of relevant costs. Why are sunk costs irrelevant in deciding whether to sell a product in its present condition or to make it into a new product through additional processing?

Question 2 - Is nonfinancial information ever useful in managerial decision making? Identify some qualitative factors that could be considered when making managerial decisions. Give an example.

Reference no: EM133148149

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