Writing Essays. by Eleanor Wakefield. There are several vital elements to any successful college essay. This handout. will define those elements and show you how to put them together using an. outline. Following this format will help you keep your thoughts organized and. get your essay underway.
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a relevant cost it must be: 1  Future. 2  Cash Flow.  Incremental.
Cost Concepts and Classifications. Cost is a foregoing, measured in monetary terms, incurred or potentially to be incurred to achieve a specific objective (American Accounting Association). Cost refers the monetary measure of the amount of resources given up or used for some specified purpose.