Multiple Choice Questions on Cost incurred in part have no effect on future decision making is called hellip hellip hellip hellip........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Cost incurred in part have no effect on future decision making is called hellip hellip hellip hellip...........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    Cost incurred in part have no effect on future decision making is called…………….

    Period cost 

    Incorrect Answer

    Opportunity cost

    Incorrect Answer

    Sunk cost

    Correct Answer

    Marginal costing

    Incorrect Answer

    imputed cost

    Incorrect Answer
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    Explanation:

    A sunk cost is a cost that an entity has incurred, and which it can no longer recover. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered.

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