What type of examples Wage, Rent & Materials are? - ProProfs Discuss
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What type of examples Wage, Rent & Materials are?

Asked by Chloe, Last updated: Nov 18, 2021

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John Smith

John Smith

John Smith
John Smith

Answered Sep 08, 2016

1. explicit cost-a business expense that is easily identified and accounted for. explicit costs represent clear, obvious cash outflows from a business that reduces its bottom-line profitability. this contrasts with less-tangible expenses such as goodwill amortization, which is not as clear cut regarding their effects on a business's bottom-line value good examples of explicit costs would be items such as wage expense, rent or lease costs, and the cost of materials that go into the production of goods. with these expenses, it is easy to see the source of the cash outflow and the business activities to which the expense is attributed

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