Multiple Choice Questions on hellip hellip is the value of a benefit where no actual cost is incurred ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

hellip hellip is the value of a benefit where no actual cost is incurred ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    …….is the value of a benefit where no actual cost is incurred.

    Imputed

    Correct Answer

    sunk

    Incorrect Answer

    out of pocket

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    An imputed cost is an invisible cost which actually not incurred directly. For example, if an employee is taking vacation, the imputed cost includes the cost of travel, cost of hotel room etc.

    By: Vikas Goyal
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