Asked by Yanna Listana on Apr 27, 2024
Verified
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is
A) period cost
B) product cost
C) differential cost
D) discretionary cost
Differential Cost
The difference in total cost between two alternatives, used in decision-making processes.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period they are incurred.
Discretionary Cost
Costs that are not essential for the operation of a home or business and can be adjusted or eliminated depending on financial circumstances.
- Calculate and clarify the variances in costs and incomes for making informed decisions.
Verified Answer
Learning Objectives
- Calculate and clarify the variances in costs and incomes for making informed decisions.
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