The cost of an action is measured in terms of the foregone activity called sunk costs....
The cost of an action is measured in terms of the foregone activity called sunk costs.
Group of answer choices
True
False
Homework Answers
The cost of an action that is forgone is called the opportunity cost , the opportunity cost is an implicit cost and it does not added into the accounting books. The opportunity costs is best defined as the 'next best activity forgone' . The sunk costs are costs that cannot be recovered once its made, examples such as machinery , buildings etc....
Ans: FALSE.
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The cost of an action is measured in terms of the foregone
activity called sunk costs....
Benefit that is foregone as a result of pursuing some course of action is called a....
Benefit that is foregone as a result of pursuing some course of action is called a. Transfer cost b. Sunk cost c. Fixed cost d. Opportunity cost Select one: a. Sunk cost b. Fixed cost c. Opportunity cost d. Transfer cost
Benefit that is foregone as a result of pursuing some course of action is called Transfer...
Benefit that is foregone as a result of pursuing some course of action is called Transfer cost a. b. Sunk cost Fixed cost C. d. Opportunity cost Select one: a. Opportunity cost O b. Sunk cost O c. Transfer cost O d. Fixed cost Clear my choice
Opportunity cost defines the cost of an activity as the foregone benefit from the next best...
Opportunity cost defines the cost of an activity as the foregone benefit from the next best alternative activity. True OR False
QUESTION 23 Opportunity cost of an activity O a. May include both monetary costs and foregone...
QUESTION 23 Opportunity cost of an activity O a. May include both monetary costs and foregone incomes b. Is included in accounting costs c. Is known with certainty O d. Does not include monetary costs QUESTION 24
sunk costs are budgeted costs. True or false
sunk costs are budgeted costs. True or false
Most of the costs of unemployment can be measured in financial terms. True False
Most of the costs of unemployment can be measured in financial terms. True False
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True...
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True B. False 2. Fixed Costs which change with a decisions are relevant A. True B. False 3. Sunk costs are always relevant to decisions A. True B. False 4. In incremental analysis, total fixed costs will always remain constant A. True B. False 5. A special order should not be accepted if the sales price is less than the unit variable cost. A. B....
Managers have no discretion on sunk costs. True or False
Managers have no discretion on sunk costs. True or False
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs...
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs for Nov were cost driver 5,000 10,000 Variable cost $10,000 ? Fixed cost 30,000 ? Mixed cost 20,000 ? Total cost 60,000 75,000 Group of answer choices $20,000 $25,000 $40,000 $35,000
What is sunk cost? Give few examples of how people consider sunk costs in their decisions...
What is sunk cost? Give few examples of how people consider sunk costs in their decisions by mistake.
Benefit that is foregone as a result of pursuing some course of action is called Transfer cost a. b. Sunk cost Fixed cost C. d. Opportunity cost Select one: a. Opportunity cost O b. Sunk cost O c. Transfer cost O d. Fixed cost Clear my choice
QUESTION 23 Opportunity cost of an activity O a. May include both monetary costs and foregone incomes b. Is included in accounting costs c. Is known with certainty O d. Does not include monetary costs QUESTION 24
Most of the costs of unemployment can be measured in financial terms. True False
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True B. False 2. Fixed Costs which change with a decisions are relevant A. True B. False 3. Sunk costs are always relevant to decisions A. True B. False 4. In incremental analysis, total fixed costs will always remain constant A. True B. False 5. A special order should not be accepted if the sales price is less than the unit variable cost. A. B....
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