Asked by Kayla Harrington on Jun 23, 2024

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Accountants use only _____ costs in their computations.

A) opportunity
B) implicit
C) explicit
D) variable

Explicit Costs

These are the direct, clear expenses related to business operations, such as salaries, utilities, and rent, that are easily quantifiable.

  • Perceive the differentiation between explicit and implicit costs.
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RA
rania allabaniJun 24, 2024
Final Answer :
C
Explanation :
Accountants use explicit costs in their computations, which are the actual out-of-pocket expenses incurred by a firm, such as wages, rent, and materials. Opportunity costs and implicit costs are not included in these computations. Variable costs are a type of explicit cost that change with the level of production.