Answered: Opportunity cost represents ? 1) An…

Opportunity cost represents ? 1) An actual cost II) A sunk cost III) The benefit foregone from the next best alternative IV) A fixed cost

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 4DQ: What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect...

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Opportunity cost represents ?
1) An actual cost
II) A sunk cost
III)
The benefit foregone from the next best
alternative
IV) A fixed cost

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