Writing Essays. by Eleanor Wakefield. There are several vital elements to any successful college essay. This handout. will define those elements and show you how to put them together using an. outline. Following this format will help you keep your thoughts organized and. get your essay underway.
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a relevant cost it must be: 1  Future. 2  Cash Flow.  Incremental.
Relevant vs Irrelevant Costs. The classification of costs between relevant costs and irrelevant costs is important in the context of managerial decision-making. In any managerial decision involving two or more alternatives, the prime focus of analysis is to find out which alternative is more profitable.