Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Fill in the blanks with the type of costs that best matches the description given below: MarginalcostsRelevantcostDifferentialcostsReplacementcostOpportunitycostShutdowncostRelevantcostCapacitycost is the change in the aggregate costs due

image text in transcribed
Fill in the blanks with the type of costs that best matches the description given below: MarginalcostsRelevantcostDifferentialcostsReplacementcostOpportunitycostShutdowncostRelevantcostCapacitycost is the change in the aggregate costs due to change in the volume of output by one unit. 2. is the difference in total cost that will arise from the selection of one alternative to the other. 3. is the value of benefit sacrificed in favor of an alternative course of action. 4. is normally fixed costs incurred by a company for providing production, administration and selling and distribution capabilities in order to perform various functions. 5. is the cost which is incurred if the operations are dissolved and they will disappear if the operations are continued

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions