Sunkcost is another term for historical cost or past cost.
举一反三
- After constructing a new factory, the cost of building the factory is a A: past cost. B: sunk cost. C: variable cost. D: None of the above answers are correct.
- Information is relevant if it is: A: a. an expected future cost or it differs among alternatives B: b. an expected future cost and it differs among alternatives C: c. a historical cost and it differs among alternatives D: d. an expected future cost that differs from a past cost
- In short run the shutdown point is that point at which A: price equals marginal cost. B: average fixed cost equals marginal cost. C: average variable cost equals marginal cost. D: average total cost equals marginal cost.
- If, in long run equilibrium, the competitive price of some good is $16.67, then, for each and every firm in the industry, A: marginal cost > average cost = $16.67. B: marginal cost < average cost = $16.67. C: $16.67 = marginal cost = average cost. D: $16.67 = marginal cost > average cost.
- Under current cost accounting, goods sold are charged to profit or loss at: A: Historical cost B: Replacement cost C: Net realisable value D: Economic value