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In this series of videos we look at relevant costs for short term decision making. There are 6 parts:
1.) Relevant Costs: Sunk and Differential costs discussed.
2.) Keep or Replace old equipment
3.) Drop or retain underperforming division
4.) Make or Buy
5.) Special order
6.) Constrained Resource
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.