How does the relevant cost analysis model differ for manufacturing and service firms? 11-5 What is

How does the relevant cost analysis model differ for manufacturing and service firms? 11-5 What is the relevant cost when determining whether or not to process a product further?

11-6 List four to six strategic factors that are often important in the make-or-buy decision. 11-7 Explain what not relevant cost means and provide two examples of it.

11-8 Why are variable costs usually more relevant than fixed costs in short-term decision making? 11-9 Give an example of how a firm can decrease variable costs by increasing fixed costs.

11-10 Give an example of how a firm can decrease fixed costs by increasing variable costs.