The variation in total costs between two alternatives is known as
A)differential cost.
B)analyzed cost.
C)irrelevant cost.
D)predictable cost.
E)expected cost.

Question

Quizplus · Accepted Answer

Differential cost refers to the difference in total costs between two alternatives. It is a relevant cost to consider when making decisions as it helps in determining the most cost-effective option.

The Variation in Total Costs Between Two Alternatives Is Known