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What is a relevant cost? Provide an example and specify the relevant costs in your...

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Accounting

  1. What is a relevant cost? Provide an example and specify the relevant costs in your example.
  2. What is the danger in allocating common fixed costs among specific products or others segments of an organization?
  3. From a decision-making point of view, should joint costs be allocated among joint products? Why or why not?

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