____________________ that looks at costs after they have been incurred.Select one:a.Indirect Costsb.Uniform Costsc.Historical Costsd.Standard Costs

The correct answer to fill in the blank is c. Historical Costs.

Explanation

Historical costs refer to the costs that have already been incurred in the past. They are associated with the actual expenses that an organization has spent in its operations, as opposed to projected or estimated costs. Understanding historical costs can aid in financial comparisons and analyses, allowing businesses to evaluate performance and inform future budgeting decisions.

The other options:

• a. Indirect Costs relate to expenses not directly tied to a specific project or product.
• b. Uniform Costs aren't a commonly referenced category in cost accounting.
• d. Standard Costs represent expected costs based on efficiency and resource utilization.

Thus, the most appropriate term to describe costs that are examined after incurring them is Historical Costs.