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Relevant cost is also recognized as differential cost and is divided into two categories, i.e., future cost and opportunity cost and they vary according to the context of the choice. Relevant cost is used to erase needless information from a particular decision-making. There are four types of relevant cost which students need to study and write assignments in-
Firstly, a student should be able to distinguish between relevant cost and irrelevant cost. This course of study also evaluates their analytical skills and tests them for contrasting situations that they might face later in their career management. With all these factors in mind, the students possibly face difficulties in solving their assignments on time. Also, students do not have adequate time for their work accomplishment.
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