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Which of the following is an example of a sunk cost? Direct materials for products B. Variable overhead for the current year C. Equipment depreciation for last year D. Future costs that might be saved Sunk costs are those that cannot be changed and already been incurred.
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Cost accounting quiz questions and answers pdf with practice tests for online exam prep and job interview prep. Cost accounting MCQ questions and answers to get prepare for career placement tests and job interview prep with answers key. Practice exam questions and answers about cost accounting, composed from cost accounting textbooks on chapters:. Accountant interview questions and answers on absorption costing, accounting concepts, accounting principles, accounting strategy, accounting: activity based costing, accounting: operating income, accrual accounting rate of return method, activity based costing systems, allocating costs: multiple support departments, allocating costs: operating departments, analyzing problems and improve quality, balance scorecard and measures. Arshad Iqbal. Activity based Costing and Management.
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