Relevant Costs to Selling or Processing Materials Further

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a relevant cost?

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1. What is a variable cost?

2. What is a fixed cost?

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About This Quiz & Worksheet

The quiz and worksheet are tools effective at checking your knowledge of the relevant costs to selling or processing materials further. While taking the quiz, you will be tested on the responsibilities of companies and fixed cost.

Quiz & Worksheet Goals

The worksheet and quiz are designed to test your knowledge of:

  • Relevant cost
  • Variable cost
  • Fixed cost
  • A company's primary responsibility

Skills Practiced

  • Defining key concepts - ensure that you can accurately define main phrases, such as variable cost and fixed cost
  • Knowledge application - use your knowledge to answer a question regarding the meaning of relevant cost
  • Information recall - access the knowledge you have gained regarding a company's primary responsibility

Additional Learning

You can learn more about these costs using the lesson, Relevant Costs to Selling or Processing Materials Further. Use the lesson to complete these goals:

  • Compare and contrast variable costs and fixed costs
  • Determine when it's appropriate to sell or process further
  • Examine what relevant costs are affected by
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