Answered: The term that refers to costs incurred…

The term that refers to costs incurred in the past that are not relevant to a decision is: Oa indirect cost Ob sunk cost Oc marginal cost Od period cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...

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The term that refers to costs incurred in the past that are not relevant to a decision is:
Oa indirect cost
Ob. sunk cost
Oc marginal cost
Od. period cost

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