Irrelevant costs

Irrelevant costs
The costs incurred last year (material, labour, and overheads) are not relevant to the decision. They are examples of past (sunk) costs. The original costs are not avoidable and are common to all alternatives.

Accounting dictionary. 2014.

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  • Irrelevant Cost — A managerial accounting term that represents a cost, either positive or negative, that does not relate to a situation requiring management s decision. As with relevant costs, irrelevant costs may be irrelevant for some situations but relevant for …   Investment dictionary

  • Sunk costs — In economics and business decision making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs, which are future costs that may be incurred… …   Wikipedia

  • Sunk Costs — (deutsch: versunkene Kosten), oft auch als irreversible Kosten bezeichnet, sind betriebswirtschaftliche Kosten, die bereits in der Vergangenheit entstanden sind, d. h. bereits zu Auszahlungen geführt haben oder deren gegenwärtiges oder… …   Deutsch Wikipedia

  • Sunk costs — (deutsch: versunkene Kosten, oft auch als irreversible Kosten bezeichnet), sind Kosten, die bereits entstanden sind und nicht (beispielsweise durch Verkauf) rückgängig gemacht werden können. Darin sind sowohl Kosten enthalten, die bereits zu… …   Deutsch Wikipedia

  • relevant cost — An expected future cost that varies with alternative courses of action. Decision making involves choosing between such alternatives and to make the best choice a manager needs to identify the future cash flows for each decision. Costs that have… …   Accounting dictionary

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