Accountants use only _____ costs in their computations.
A)opportunity
B)implicit
C)explicit
D)variable

Question

Quizplus · Accepted Answer

Accountants use explicit costs in their computations, which are the actual out-of-pocket expenses incurred by a firm, such as wages, rent, and materials. Opportunity costs and implicit costs are not included in these computations. Variable costs are a type of explicit cost that change with the level of production.

Accountants Use Only _____ Costs in Their Computations