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.
1 Opportunity costs: It is the value of benefit sacrificed in favor of an alternative course of action. 2  Relevant cost: The relevant cost is a cost which is relevant in various decisions of management.  Replacement cost: This cost is the cost at which existing items of material or fixed assets can be replaced.