Question: A cost that has already been incurred and cannot be changed is called a ( n ) : Multiple Choice Opportunity cost. Out - of

A cost that has already been incurred and cannot be changed is called a(n):
Multiple Choice
Opportunity cost.
Out-of-pocket cost.
Joint cost.
Sunk cost.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Beauville Furniture Corporation produces sofas, recliners, and lounge chairs. Beauville is located in a medium-sized community in the southeastern part of the United States. It is a major employer in...

Q:

1. Accepting a special order is profitable whenever the revenue from the special order exceeds: Multiple Choice The average unit cost of production multiplied by the number of units in the order. The...

Q:

The payback period analysis fuils to comsider the cash flews over the snse ife a investment True r False 10 Non financial considerations are not secounted for in s pital brudgsting decisions r True...

Q:

A cost that has already been incurred and cannot be changed is called a ( n ) : A . Opportunity cost. B . Out - of - pocket cost. C . Joint cost. D . Sunk cost. Costs that have not yet been incurred...

Q:

A cost that has already been incurred and cannot be changed is called a(n): a. Out-of-pocket cost. b. Opportunity cost. c. Joint cost. d. Sunk cost.

Q:

A cost that has already been incurred and cannot be changed is called a(n): A. Opportunity cost. cost. B. Out-of-pocket C. Joint cost. D. Sunk cost.

Q:

The following data are available for product no. CK74, manufactured and sold by Ruby Corporation: Maximum capacity with present facilities.................. 4500 units Total fixed cost (per...

Q:

Please fill in the blanks: Decision making: Six key concepts Key concept #1 Every decision involves choosing from among at least two alternatives. Therefore, the first step in decision-making is to...

Q:

Break-even points (pgs 220-221,232) Budget (pg 334) Differential Analysis: relevant costs & benefits (pgs. 508-512) The question was to answer or just give thoughts about the following pages. there's...

Q:

Question two (2) to thirty three (33) is multiple choice, please select the most correct alternative, each question is 1 mark: [30] 12. Which of the following best describes a relevant cost? A. A...

Q:

A cost that has already been incurred is called a ( n ) cost . Multiple Choice . sunk indirect relevant opportunity

Q:

Suppose the rabbit population rand the wolf population w are governed by dr dt -=4r-2w dw dt =r+w (a) Describe the stability of the system (b) If initially, r=250 and w=100, what are the population...

Q:

A process flow map for a call center is provided below. Here?show this process works. Customers with questions about thiscompany?s products call an 800 number. During a typical 8-hour dayshift, the...

Q:

How are capital gains taxed in a partnership or LLC ? a . They are taxed at the owner level with opportunity to use alternative tax rate. b . They are taxed at the corporate level, with a maximum 2 1...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....