Imputed cost is a .a.real cost.b.notional cost.c.normal cost.d.variable cost.
Question
Imputed cost is a .a.real cost.b.notional cost.c.normal cost.d.variable cost.
Solution
Imputed cost is a notional cost. So, the correct answer is b. notional cost.
Imputed costs are not recorded in any accounts but are recognized in decision making by considering the opportunity cost, i.e., what is the opportunity lost by using resources in a specific way. For example, the opportunity cost (imputed cost) of the money used in buying a car could be the interest foregone which could have been earned, had the money been deposited in a bank.
Similar Questions
The imputed cost is similar to. (निम्न में किसे आरोपित लागत के समान माना जाता है?)a.Opportunity Cost (अवसर लागत)b.Explicit cost (स्पष्ट लागत)c.Implicit cost (निहित लागत)d.None of the above (उपर्युक्त में कोई नहीं)
Wages paid to a labour who was engaged in production activities can be termed as.a.imputed cost.b.direct cost.c.indirect cost.d.sunk cost.
____ are also known as direct costs A. average variable costs B. average fixed costs C. variable costs D. total fixed costs
Which statement correctly describes a direct cost?
Total cost is composed of both:Question 10Answera.Fixed costs and variable costs.b.Marginal costs and average costs.c.Explicit costs and implicit costs.d.Accounting costs and economic costs.
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