Here are 20 questions about relative costing:

1. What is relative costing?

2. How does relative costing differ from absolute costing?
3. What are the main advantages of using relative costing in business?
4. What are the limitations or challenges of implementing relative costing?
5. How does relative costing help in decision-making processes?
6. Can you provide an example of how relative costing is applied in a
manufacturing setting?
7. How does relative costing assist in evaluating the performance of different
business units?
8. What factors should be considered when determining the relative cost of a
product or service?
9. How can relative costing help in identifying cost-saving opportunities within an
organization?
10. What role does relative costing play in pricing strategies and competitive
positioning?
11. How does relative costing contribute to budgeting and forecasting activities?
12. What are the key steps involved in implementing a relative costing system?
13. Can you explain the concept of cost drivers and their significance in relative
costing?
14. How can technology and software tools facilitate the implementation and
utilization of relative costing?
15. What are the potential risks or pitfalls associated with relative costing, and how
can they be mitigated?
16. How does relative costing aid in analyzing the profitability of different product
lines or services?
17. What are some alternative costing methods, and how do they compare to
relative costing?
18. How can relative costing support strategic decision-making and long-term
planning?
19. Are there any specific industries or sectors where relative costing is particularly
beneficial?
20. What are some future trends or developments in the field of relative costing
that businesses should be aware of?

These questions should help you explore the topic of relative costing in depth and
gain a better understanding of its implications in business.