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Revenue forecasts.
Joint manufacturing costs.
Question 3. Question : All the following are characteristic of
relevant costs except:
Student Answer:
They are generally variable.
They are not committed.
They are different in amount for different options.
They are costs that will be incurred in the future.
They are inventory-related costs.
UNIT 4 QUIZ
Question 4. Question : Which of the following statements
regarding "opportunity costs"
is TRUE?
Student Answer:
These costs are recorded routinely by cost accounting