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relevant costing

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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January 19, 2017 at 4:42 pm #368372
adarsh1997
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what does “replacement cost” mean in the context of relevant costing and could you give a brief example(or situation) where replacement cost might be a relevant cost?
Thanks.
January 19, 2017 at 5:56 pm #368384
John Moffat
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You need to watch my free lectures – I explain this in the context of inventory (which is where it is relevant) and I am not going to simply type out my lectures (and examples) here.
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