The cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate __________?
Correct answer: C. operating costs
- A. throughput costs
- B. investments
- C. operating costs
- D. marginal costs
Explanation
Operating costs are the ongoing costs of running production and business operations, including wages, depreciation, utilities and rent. Marginal cost refers only to the additional cost of producing one more unit.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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