(Answered) Question 1 - describe the characteristics of relevant costs

Accounting

Question 1 - Describe the characteristics of relevant costs and discuss whether all relevant costs are found in accounting records. Why are future costs not always relevant in decision-making?

Question 2 - Describe and provide an example of an opportunity cost. What are examples of opportunity costs that would be associated with production facilities if the manager had to make a decision on outsourcing?

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