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URL:https://www.learndesk.us/class/4679785030615040/relevant-costs-managerial-accounting-decisions-and-scenarios-7?ref=outlook-calendar
SUMMARY:Relevant Costs: Managerial Accounting Decisions and Scenarios #7
DTSTART;TZID=America/Los_Angeles:20260509T190000
DTEND;TZID=America/Los_Angeles:20260509T200000
LOCATION:https://www.learndesk.us/class/4679785030615040/relevant-costs-managerial-accounting-decisions-and-scenarios-7?ref=outlook-calendar
DESCRIPTION: 
Apply relevant cost methods to common managerial decisions. Managers often need to make decisions that are not routine, not part of the normal day to day process, and that can have a long-term effect on the organization. Individuals often need to make similar decisions and can apply similar tools when making decisions of a large dollar amount that can affect multiple years.
Although the specifics of each decision differ, the concept of relevant costs helps us put together a process for gathering and analyzing data, picking up the information that matters, and removing all the excess data that does not matter to our decision. Understanding relevant costs will reduce the likelihood of making incorrect decisions based on a sunk cost effect or not taking into account opportunity costs.
We will analyze the decision-making process of buying a new piece of equipment or keeping an older piece of equipment, a question often relevant to individuals as well as businesses. The decision of...

https://www.learndesk.us/class/4679785030615040/relevant-costs-managerial-accounting-decisions-and-scenarios-7?ref=outlook-calendar
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