Sunk costs: Multiple Choice Have already been incurred as a result of past actions. Vary among the alternative courses of action being considered. Are benefits that could have been obtained by following another course of action. Result from unfavorable cost variances.

Have already been incurred as a result of past actions.

Explanation:

This form of cost is detailed to be incurred by a company in its past or during its long run and it nothing can be done to change it or it cannot be averted or recovered in the future and proceeding run time of the said company.

Once the company's money is spent, that money is considered a sunk cost. Regardless of what money is spent on, sunk cost are dollars already spent and permanently lost. Sunk costs cannot be refunded or recovered. Monies that provides column or a sunk cost does not really base on a particular spending; as it ranges from different sectoral spendings of the company involved.