Relevant vs Irrelevant Costs

Management Accounting and Cost Control · 2:52

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Lyrics

[Verse 1]
Sarah's got a choice to make, expand or stay the same
New equipment costs a hundred grand, but will it boost her gain
The old machine she bought last year for fifty thousand down
That money's gone, it's in the past, don't let it turn you around

[Chorus]
Relevant costs will change your mind
Future focused, leave the past behind
If it differs between choices A and B
That's the cost that matters, can't you see
Sunk costs sink, don't let them drag you down
Future cash flows wear the decision crown

[Verse 2]
Two suppliers bid for parts, one's cheap but shipping's high
The other costs more up front but delivery's nearby
Compare the total cash you'll pay, not just the sticker price
Incremental thinking here will give you sound advice

[Chorus]
Relevant costs will change your mind
Future focused, leave the past behind
If it differs between choices A and B
That's the cost that matters, can't you see
Sunk costs sink, don't let them drag you down
Future cash flows wear the decision crown

[Bridge]
Differential analysis shows the way
Opportunity costs make you stop and weigh
Avoidable expenses get the nod
Fixed costs shared by all? Against the odds

[Verse 3]
Make or buy, accept or not, close down or keep it going
Relevant costs light the path when business winds are blowing
Ignore what's spent, focus ahead on cash that's yet to flow
That's how smart accountants help the business profits grow

[Chorus]
Relevant costs will change your mind
Future focused, leave the past behind
If it differs between choices A and B
That's the cost that matters, can't you see
Sunk costs sink, don't let them drag you down
Future cash flows wear the decision crown

[Outro]
When decisions call your name
Play the relevant cost game
Future different, that's the key
CPA decision strategy

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