51.Costs that CANNOT be changed by any decision made now or in the future are
52.In evaluating different alternatives, it is useful to concentrate on
53.Which of the following costs always differ among future alternatives?a.Fixed costsb.Historical costsc.Relevant costsd.Variable costs
54.Which of the following costs are never relevant in the decision-making process?
THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 55 AND 56.Jim’s 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:Geo PrizmHonda CivicAcquisition cost$15,000$3,000Repairs$ 3,000---Annual operating costs (Gas, maintenance, insurance)$ 2,280$2,10055.The cost NOT relevant for this decision is(are)
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