Part 1 - Relevant Costs for Decision Making - Sunk and Differential Costs

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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.
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Learned more from your videos in 2 days than in 8 weeks in an MBA level course. Thanks!

markmaydew
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i love how you start your videos with a very basic example to help people understand instead of memorize

imnickim
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Tony you are amazing. I really do need to thank you for all of these videos. Some of my accounting textbooks are horrible and don't explain things properly- they make things more complicated than they need to be. Thank you for taking the time to explain all of the concepts in a simple way for us!!

adimarca
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Thanks so much for your comment - you've really brightened my day! Best of luck in your studies!!

Tony-Bell
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you a life saver, im in south africa. People of the world appreciate you

PhillipGimmi
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You are absolutely amazing!! I am going through a situation where the professor told me that our class is going to have to teach itself and she does absolutely NOTHING for her students. Thank you so much for this! It makes me feel good to know that there are professors like you out there that actually care.

AidanMyHeart
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I am actually understanding this material. I don't know why my professor made it sound so much more complicated. Thank you so much!

kpaqu
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thank you for these videos, i don't know how i would pass my accounting class without these!

nicolereynolds
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Tony, you're absolutely an angel put on this earth. Thank you so much for this. I can actually understand managerial accounting now.

Thecynicalpotatoe
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OMG.. i was reading the book and was like HUH.. felt like i was reading and the concepts were not clear... you made it look so easy with your explanation. im gonna watch all your vids to help me pass this course. THANKS in ADVANCE from the caribbean

supermario
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You have got to be the best Professor out there!

ryssaalarcon
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I appreciate all your tutorials and lectures, I'm from Jamaica, very helpful.

nicolastewart
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oh! dear i really enjoy and understand all the videos on this topic from part 1 to part 6, thank you so much .

allaboutforextutorials
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This video really help me a lot understanding the concept of relevant cost less than 1 hour. Great explanation, keep it up!

irachmaditya
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These videos are great! Definitely a struggle trying to grasp accounting concepts with everything online... your channel has helped me so much! Thanks very much :)

hannayazdi
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Thank you much for making these videos! I have a final coming up and I was completely lost! You're definitely a live saver!

TammyTaughtEM
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thank you very much Tony your really made it easy and logical without you I wouldn't have made it through this class  thanks a million
thumbs up :)
and just to let you know you have got a decent youtube students from Yemen ;)

hajeralnahari
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you are much better than my instructor. many thanks

rachelmu
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really it is so easy to understand about differential cost after this video

sharminhossain
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Good ...way of making someone understand the concept... nice...liked it simple &
easy thanks

Skjxl