Q83
___________ is the value of economic resources used as a result of producing or doing the thing costed.
A.
Cost
AnswerB.
Inventory
C.
Labour
D.
overhead
Answer: Option A
Solution
Answer: Option A
Solution:
Cost is the value of economic resources used as a result of producing or doing the thing costed. Cost is ascertained by cost centres or cost units or by both.