GLOSSARY of Costing & Management Accounting Terms-Alphabet R

July 26th, 2007 Comments off
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Relevant cost

Expected future cost that will differ under alternatives

Relevant range

Activity levels in which the cost and sales relationships can be expected to remain valid

Retention money

The amount of the contractee is allowed, by a clause in the contract, to withhold payment of a proportion of the contract value for a period after the official completion date of the contract.

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