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In this week’s readings, you learned about other types of cost classifications, such as differential costs,...

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Finance

In this week’s readings, you learned about other types of costclassifications, such as differential costs, sunk costs, andopportunity costs. Discuss how these concepts are used inmanagerial decision making? Include an example in your response.Please be sure to validate your opinions and ideas with citationsand references in APA format.

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Answer Differential costs It is the difference between the cost of two alternatives This cost is analyzed when there are multiple alternatives available and best has be chosen This is only used for management decision making no accounting standard mandates how the cost is calculated so it can be variable or fixed Example If you have two choice one is to make 100000    See Answer
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