Cost classification can be done in ________.

A. two ways
B. three ways
C. four ways
D. several ways

Answer: Option D

 

Solution

Cost classification can be done in several ways. Cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.

Leave a Reply

Your email address will not be published. Required fields are marked *