Why opportunity costs are not included in accounting records, Cost Accounting

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Why opportunity costs are not included in accounting records

Response to the following questions:

1. Why must business decisions be based on qualitative as well as quantitative information? Explain.

2. Explain what costs are generally relevant to makeor-buy decisions.

3. Explain why opportunity costs are not included in the accounting records.

4. What is the significance of idle capacity in determining the price of a special order?

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Cost Accounting: Why opportunity costs are not included in accounting records

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Cost Accounting: Why opportunity costs are not included in accounting records

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