relevant cost
he Question is :-
- what do you understand by relevant cost ? explain the different elements of relevant costing ?
NOTES :-
- minimum 400 words
- free plagiarism
- there are three elements of relevant costing ( 1-future cost , 2-cash flow and 3-incremental or differential cost )
- talk about those elements
Answer PreviewFuture cost as an element of relevant costing enables the company to estimate its future expenditure. Like when a business wants to do a budget estimation of their future expenditure. The business may do this by estimating the future cost of their relevant item that they will use. Through future cost, the company is able to do an estimation of the amount they will need in…
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