Which of the Following Costs Would Not Be Recorded in the Cost

question 76

Multiple Choice

Which of the following costs would not be recorded in the cost accounting system?

• A) Sunk costs
• B) Unitised costs
• C) Opportunity costs
• D) Allocated costs

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Definitions:

Market-Based Policies

Economic strategies that utilize market principles and forces to address and solve problems, often with the goal of improving efficiency and outcomes.

Environmental Protection Agency

A U.S. federal agency established to coordinate and enforce national pollution control laws and regulations to protect human health and the environment.

Pollution Permits

Allowances given to companies that permit them to emit a certain amount of pollutants; can be bought, sold, or traded.

External Benefit

Positive effects of a transaction or activity on third parties not directly involved in the transaction, which are not reflected in the market price.