Question

________ costs are those that have been completely consumed or the benefits from which have been received by the business

Answer 1

Answer:

direct costs answer..

Answer 2

• Sunk costs are those that have been consumed or the benefits from which have been received by the business.
• It refers to the money that has already been spent and will not be recovered.  
• In business terms it is often said to be spending money to make money.  
• These costs are not taken into consideration while taking business or futuristic decisions because these costs will remain the same irrespective of the decision or the outcome of the decision.

• There are various examples of sunk costs like cost of plant and machinery and the lease expense already paid to the factory owner.