Fill in the Blank QuestionFill in the blank question. costs, also called differential costs, are the additional costs from selecting a certain course of action.

Fill in the Blank QuestionFill in the blank question.Incremental or differential costs are costs in making decisions.

The term "differential cost" refers to *1 pointA cost that may be shifted to the future with little or no effect on current operationsA cost common to all alternatives in question and not clearly or practically allocable to any of the alternativesA cost that continues to be incurred even though there is no activityThe difference in total costs that results from selecting one alternative instead of another

Differential cost

Explicit costs are also known as (direct/opportunity) costs. (Choose an option from the ones given within parenthesis.)

Fill in the Blank QuestionFill in the blank question.In costing, only costs that change in total with changes in production levels are included in product costs.