total sunk cost and the total opportunity cost

Related BrainMass Solutions

• Cost definition

  136166 Various cost definition Describe the various terms dealing with costs(direct,indirect,sunk,fixed,variable.etc). Opportunity, Fixed, Variable, and Sunk Costs are functions of accounting rules.

• How are costs defined?

  It is a past cost and is a sunk cost regardless of what I eventually end up doing with the land. An opportunity cost is the cost of what I give up.

• Multiple choice - Accounting Problems

  b) The difference in total costs between two alternatives is referred to as the: 1 direct cost. 2 incremental cost. 3 sunk cost. 4 opportunity cost.

• Economic Cost Types

  153147 Cost types Distinguish between the following types of costs: a) Historical Cost and Replacement Cost b) Opportunity cost and out-of-pocket cost c) Incremental cost and Sunk cost a) Historical cost is the original

• Marginal analysis, sunk cost, choice

  If you stay home, your expenses for the week will be $100 if you go to Florida total cost will be around $700. What is your opportunity cost for going to Florida?

• Cost Accounting

  Variable Cost Fixed Cost Direct Materials Direct Labor Manufacturing Overhead Period Cost Opportunity Cost Sunk Cost Rental revenue - Materials costs Production supervisor salary Production line workers wages Equipment

• High-low method of cost estimation

  variable costs, product costs, and sunk costs fixed costs, variable costs, and mixed costs variable costs, period costs, and differential costs variable costs, sunk costs, and opportunity costs 2.

• Management accounting: Morgan Co, Sweet Shoppe Creamery

  Differential costs and opportunity costs. C. Differential costs and sunk costs. D. Differential costs and incremental revenues Check the bold text in the attached sheet.

• Differential Analysis and Product: cost concepts

  Variable cost concept Total cost concept Product cost concept Opportunity cost concept Please see the attached file