During the Summer You Have Made the Decision to Attend

question 179

Multiple Choice

During the summer you have made the decision to attend summer school, which prevents you from working at your usual summer job in which you normally earn $6,000 for the summer. Your tuition cost is $3,000 and books and supplies cost $1,300. In terms of dollars, the opportunity cost of attending summer school is

• A) $10,300.
• B) $6,000.
• C) $4,300.
• D) $3,300.

---

Definitions:

Income From Operations

Revenue from a company's primary business activities, excluding costs and expenses.

Transfer Price

The price at which goods and services are transferred between departments or related entities within the same organization.

Variable Costs

Costs that vary directly with the level of production or business activity, such as materials and labor costs.

Allocated Fixed Costs

Fixed costs that are distributed across different departments or projects based on determined criteria.