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Cost classification can be done in ________.
- Atwo ways
- Bthree ways
- Cfour ways
- Dseveral ways
Correct answer: D
Discussion 1
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CCommunity
several ways
Cost classification can be done in several ways. Cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.
Cost classification can be done in several ways. Cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.