An important component in several of the cost categories which are not typically recorded in accounting systems is
A)labour costs.
B)opportunity costs.
C)ordering costs.
D)quality costs.
E)quantity costs.

Question

Quizplus · Accepted Answer

Opportunity costs are not typically recorded in accounting systems but are an important component in several cost categories, including the cost of capital, research and development costs, and cost of lost opportunities. Opportunity costs refer to the value of the next best alternative foregone when making a decision.

An Important Component in Several of the Cost Categories Which