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A relevant cost (also called avoidable cost or differential cost) [1] is a cost that differs between alternatives being considered. [2] In order for a cost to be a relevant cost it must be: It is often important for businesses to distinguish between relevant and irrelevant costs when analyzing alternatives because erroneously considering ...
Relevant cost: The relevant cost is a cost which is relevant in various decisions of management. Replacement cost: This cost is the cost at which existing items of material or fixed assets can be replaced at present or at a future date. Shutdown cost: Costs incurred if operations are shut down, and which would not occur if operations are continued.
Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business ...
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced components that are involved in either consumer or producer market transactions. Air pollution from motor vehicles is one example.
Indirect Costs (2 CFR 200.56) are costs that have been incurred for common or joint purposes. Indirect costs benefit more than one cost objective and cannot be readily identified with a particular final cost objective.
Opportunity cost, as such, is an economic concept in economic theory which is used to maximise value through better decision-making. In accounting, collecting, processing, and reporting information on activities and events that occur within an organization is referred to as the accounting cycle.
The range of costs per participant—that is, the low and high costs if some participants require more resources from the program than others. • The marginal costs of adding each additional participant to an established program. Separating costs into categories, such as personnel, fa cilities, materials, and equipment, reveals the different
9.0% (1) All. Restricted (2) Total direct costs less equipment purchases, alterations and renovations, pass-through funds, and the portion of each subaward exceeding $25,000. All federal programs which require the use of a restricted rate as defined in 34 CFR 75.563 and 34 CFR 76.563.