What Costing Concept Refers to Costs That Are Not Part

question 57

Multiple Choice

What costing concept refers to costs that are not part of any one particular program but are needed to support training activities and cannot be recovered even if the program is cancelled?

• A) developmental costs
• B) overhead costs
• C) indirect costs
• D) standard costs

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Definitions:

Note Receivable

A financial asset representing a promise for future receipt of cash, often from loans or credit extended to others.

Factor

An element or condition that actively contributes to the production of a result, often used in the context of mathematics or economic analysis.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Card Expense

Expenses incurred by using a credit card, typically involving interest charges and other fees.