The Sum of All the Costs Incurred in a Particular

question 22

Multiple Choice

The sum of all the costs incurred in a particular function,such as marketing,is called the ________.

• A) business function cost
• B) full product cost
• C) opportunity cost
• D) total manufacturing overhead

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Definitions:

Account Payable

A liability account that records the amounts owed by a business to suppliers for goods or services purchased on credit.