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11.1: Chapter 10 Study Plan

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    Study Plan: Relevant Costing for Managers

    Knowledge Targets

    I can define the following terms as they relate to our unit:

    Avoidable Cost Constraint Make or Buy Differential Cost
    Differential Revenue Joint Product Joint Cost Opportunity Cost
    Sunk Cost Relevant Benefit Relevant Cost Sells or Process further
    Special Order Split Off Point Constrained Resource

    Reasoning Targets

    • I can identify costs as relevant, avoidable, opportunity or sunk cost.
    • I can classify costs as relevant or not relevant.
    • I can determine value and use of a constrained resource.

    Skill Targets

    • I can prepare an analysis showing if a product line or business segment should be dropped or added.
    • I can prepare make or buy analysis.
    • I can prepare analysis showing whether a special order should be accepted or rejected.
    • I can prepare an analysis showing whether a joint product should be sold at the split off point or processed further.

    Click Relevant Costs for a printable copy.

    This page titled 11.1: Chapter 10 Study Plan was last modified on Tue, 10 May 2022 23:20:41 GMT and is shared under a not declared license and was authored, remixed, and/or curated by Lumen Learning via source content that was edited to the style and standards of the LibreTexts platform.