Opportunity cost and Special order

Opportunity cost and Special order

CVP – relevant range (Professor)

What does “relevant range” refer to?  How is this important?

#6 Opportunity cost & Special order(Student)

An opportunity cost is a benefit, profit, or value of something that must be given up to acquire or achieve something else. Even though opportunity cost are not recorded on a general ledger, business owners can use opportunity cost to make educated decisions when they are faced with multiple options. A special order is a one time customer order, often including a large quantity and a low price. It requires a business to make decisions using relevant information. You decide which costs and revenue are relevant. The business managers wants to make sure that the special order will not disrupt any other regular production.

#7 Break Even Point – limitations(Professor)

What are some of the limitations associated with this?

#8 Break Even Point (Professor)

Do you think break even point is equally important for ongoing businesses and startup businesses?

Solution preview for the order on opportunity cost and special order

APA

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