Answered: Opportunity cost represents ? a) An…

Opportunity cost represents ? a) An actual cost b) A sunk cost c) The benefit foregone from the next best alternative d) 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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Answer

Opportunity cost represents ?
a) An actual cost
b) A sunk cost
c) The benefit foregone from the next best
alternative
d) A fixed cost

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