Which of the following terms is not used in referring to common costs?
A)Allocated cost
B)Unavoidable cost
C)Traceable cost
D)All of these answer choices are used in referring to common costs.

Question

Quizplus · Accepted Answer

Traceable costs refer to costs that can be directly traced to a specific product or service, while common costs refer to costs that are incurred for the joint benefit of multiple products or services and cannot be easily allocated to a specific product or service. Allocated costs and unavoidable costs are both commonly used terms when discussing common costs.

Which of the Following Terms Is Not Used in Referring