Table 22 -Refer to Table 2

question 75

Multiple Choice

Table 2.2
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \\\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \\\hline\end{array}$$
-Refer to Table 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost if you decided to save the money and spend $0?

• A) $100
• B) $0 in terms of E
• C) $25 in terms in terms of B
• D) The total value of all the options
• E) The value of the option given up if E were not chosen

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Definitions:

Custom Homes

Houses that are designed and built according to the specifications of a particular buyer.

Job Order Costing

An accounting method that tracks costs and revenues by specific jobs and allows for detailed analysis of profitability.

Product Costs

The total costs directly associated with manufacturing a product, including materials, labor, and overhead.

Job Cost Sheets

Documents that record and compile all costs associated with a specific job, including materials, labor, and overhead.