The sum of all the costs incurred in a particular function,such as marketing,is called the ________.
A) business function cost
B) full product cost
C) opportunity cost
D) total manufacturing overhead

Question

Quizplus · Accepted Answer

The sum of all costs incurred in a particular function, such as marketing, is called the business function cost. This encompasses all the expenses related to that specific business function, including salaries, advertising and promotion expenses, research and development expenses, and other direct and indirect costs. Full product cost refers to the total expenses incurred in the production of a product, including raw materials, labor, and manufacturing overhead. Opportunity cost refers to the cost of foregone alternatives, while total manufacturing overhead is the sum of all indirect costs associated with producing a product.

The Sum of All the Costs Incurred in a Particular