All of the Following Can Be Differential Costs Except

question 211

Multiple Choice

All of the following can be differential costs except:

• A) variable costs.
• B) sunk costs.
• C) opportunity costs.
• D) fixed costs.

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Definitions:

Payroll

The total amount of wages and salaries paid by a business to its employees for a set period of time.

Interest Payable

The amount of interest expense that has been incurred and is owed but has not yet been paid as of the balance sheet date.

Interest Expense

An entity's expense from acquiring funds through loans over a specific time frame.

Notes Payable

Written agreements where a borrower agrees to pay back a sum of money to a lender by a certain date.