Actual costs are defined as
A)costs incurred.
B)direct costs.
C)indirect costs.
D)predicted costs.
E)sunk costs.

Question

Quizplus · Accepted Answer

Actual costs are the costs that have actually been incurred in producing or providing a good or service. They are the real costs that have been paid or will be paid. Actual costs can include both direct and indirect costs. Choice A is the only answer choice that accurately defines actual costs.

Actual Costs Are Defined as