Costs of goods acquired from suppliers is classified as
A. stock-out costs
B. ordering costs
C. carrying costs
D. purchasing costs
Answer: Option D
Solution(By Examveda Team)
Costs of goods acquired from suppliers is classified as purchasing costs. It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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