Obsolescence is an example of which cost category?
A)carrying costs
B)labor costs
C)ordering costs
D)quality costs

Name: Obsolescence is an example of which cost category? A)carrying costs B)labor costs C)ordering costs D)quality costs
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Question

Quizplus · Accepted Answer

Obsolescence is a carrying cost, which is one of the categories of inventory costs. Carrying costs refer to the expenses associated with holding and storing inventory, which includes things like storage space, insurance, and the possibility of obsolescence.

Obsolescence Is an Example of Which Cost Category