Q327
In accounting, cost which is predicted to be incurred or future cost is known as
A.
past cost
B.
incurred cost
C.
actual cost
D.
budgeted cost
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In accounting, cost which is predicted to be incurred or future cost is known as budgeted cost. A budgeted cost is a forecasted future expense that the company is expected to incur in the future.