Which of the following terms describes a cost of operating a facility, operation, activity area, or like cost object that is shared by two or more users?
A)common cost
B)direct cost
C)fixed cost
D)varying cost
E)sunk cost

Question

Quizplus · Accepted Answer

A common cost is a cost that is shared by multiple users or cost objects. It cannot be directly attributed to any one user or cost object, and therefore must be allocated among them.

Which of the Following Terms Describes a Cost of Operating