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CIMAPRO19-P01-1 Exam - Topic 9 Question 61 Discussion

When preparing data for a short term decision, which THREE of the following are relevant costs?
A) Differential costs and B) Incremental cost and D) Opportunity costs
C) Unavoidable costs
E) Committed costs

CIMAPRO19-P01-1 Exam - Topic 9 Question 61 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 61
Topic #: 9
[All CIMAPRO19-P01-1 Questions]

When preparing data for a short term decision, which THREE of the following are relevant costs?

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Suggested Answer: A, B, D

by Audra at Nov 21, 2022, 02:16 PM

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Colby
10 months ago
Opportunity costs are a must to consider!
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Cathern
10 months ago
Wait, are committed costs really considered? That seems off.
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Kelvin
10 months ago
Unavoidable costs? Not really relevant for short-term decisions.
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Rolf
11 months ago
I agree, incremental costs matter too.
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Sherman
11 months ago
Differential costs are definitely relevant!
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Mari
11 months ago
I feel like I should know this, but I’m torn between unavoidable costs and committed costs. I just remember they don’t really change with decisions.
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Tracey
11 months ago
I practiced a similar question last week, and I think differential and incremental costs are both relevant, but I can't recall if committed costs apply here.
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Danica
11 months ago
I think opportunity costs are definitely relevant, but I’m a bit confused about unavoidable costs. Aren't they usually considered sunk costs?
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Elvis
11 months ago
I remember that relevant costs are those that will change based on the decision made, but I'm not sure about the difference between differential and incremental costs.
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Luis
11 months ago
This is a lot to take in, but I feel confident I can come up with a solid approach. I'll need to carefully consider the scale and volume of data involved.
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Dyan
11 months ago
Hmm, I'm not totally sure about this one. The options seem a bit similar, so I'll have to think it through carefully. Maybe I should review the material on payment methods again before answering.
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