An Actual Cost Is ________

question 142

Multiple Choice

An actual cost is ________.

• A) is the cost incurred
• B) is a predicted or forecasted cost
• C) is anything for which a cost measurement is desired
• D) is the collection of cost data in some organized way by means of an accounting system

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Definitions:

Disposable Income

Monetary assets available for households to invest in spending and saving after tax obligations.

Saving

The process of setting aside a portion of current income for future use, or the funds that have been set aside for such purposes.

Disposable Income

Financial holdings households can direct towards spending and saving activities after tax deductions.

Consumption

The act of using up goods and services to satisfy human needs and wants, considered a principal component of GDP.