Indicate which of the following descriptions is most likely to describe each cost listed below.Description CostsEngineered cost Cost of ingredients in a breakfast cereal Committed cost Cost of advertising for a credit card company Discretionary cost Depreciation on an insurance company’s computer Cost of charitable donations that are budgeted as 1 percent of sales revenue Research and development costs, which have been budgeted at $45,000 per year
Indicate which of the following descriptions is most likely to describe each cost listed below.
Description Costs
Engineered cost Cost of ingredients in a breakfast cereal
Committed cost Cost of advertising for a credit card company Discretionary cost Depreciation on an insurance company’s
computer
Cost of charitable donations that are budgeted
as 1 percent of sales revenue
Research and development costs, which have
been budgeted at $45,000 per year
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