Balanced Score Card and Cost Allocations (Unit 3 Discussion Board)
Question # 48991 | Writing | 11 months ago |
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$15 |
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Assignment Details
ClosePrimary Response is due by Thursday (11:59:59pm Central), Peer Responses are due by Saturday (11:59:59pm Central).
Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Management decision making often involves first determining what information is relevant to the decision-making process. Understanding cost behavior and relevance allows managers to streamline the decision-making process. Profitability depends on the accurate interpretation of the revenues and costs associated with each decision. Determining the difference between relevant and irrelevant costs makes the decision process more efficient and accurate.
- Evaluate relevant versus irrelevant information, and provide an example of each irrelevant cost discussed in your text.
- Propose a scenario when differentiating between relevant and irrelevant costs is essential to the decision-making process.
- Justify the reason that an opportunity cost would or would not be relevant to decision making. Use specific business examples