Explicit, implicit, fixed, and variable are the different forms of costs commonly used by managerial accountants.

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This statement is correct. Explicit costs refer to actual expenses paid out, while implicit costs refer to the opportunity costs of choosing one option over another. Fixed costs remain constant regardless of production levels, while variable costs change with production levels. These different forms of costs are commonly used by managerial accountants to analyze and make decisions about a company's financial performance.

Explicit, Implicit, Fixed, and Variable Are the Different Forms of Costs