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In addition, the case can be used later in the semester to provide a realistic application illustrating relevant costing and decision-making.
It is crucial that the cost formula represents the relevant costing categories, is reliable, valid, and user friendly in order to provide useful data and be implemented in the shipping industry and at the ship level [17].
During the sensitivity analysis, both weighted and un-weighted findings were considered, along with variation in relevant costing assumptions.
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Often uncertainties may be associated with demand and relevant costs.
There must also be at least 25 students (FTE) in the relevant cost centre.
Thus, under the strategic delegation, the reversible sunk costs become relevant costs in the ex post negotiation and the relevant investment costs increase transaction price in the negotiation.
Useful literature costing techniques, features, and relevant cost drivers are also identified.
Further, even if cost was a consideration for pricing, the relevant cost is debatable -- should it be based on full cost, marginal cost or life-cycle cost?
Often uncertainties may be associated with demand, supply or various relevant costs.
We consider all relevant costs: product cost, transport cost, tank rental cost, tank throughput cost, and inventory cost.
We also examine recent advances in scaling up for commercial deployment, and discuss relevant cost, environmental and social concerns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com