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
Answer: Option D
Solution(By Examveda Team)
The cost which is to be incurred even when a business unit is closed is a shutdown cost. The shut down price is the minimum price a business needs to justify remaining in the market in the short run.Join The Discussion
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A. tax compliance.
B. financial audit.
C. cost ascertainment.
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Process costing is suitable for ________.
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B. oil refing firms
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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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