An avoidable cost is a sunk cost that can be eliminated (in whole or in part) as a result of choosing one alternative over another.
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Q3: Sunk costs are never relevant in decision
Q4: A complete income statement need not be
Q5: A cost that is traceable to a
Q6: Sunk costs and future costs that do
Q7: Future costs that do differ among the
Q9: The book value of an old machine
Q10: The variable costs of a product are
Q11: Variable costs are always relevant costs in
Q12: Fixed costs are irrelevant in decisions about
Q13: Fixed costs are sunk costs.
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