Explicit cost refers to visible actual expenses, such as production expenses, salary expenses, marketing expenses, etc. , so it is a tangible cost. The costs calculated by general cost accounting are all explicit costs, and the balance of sales revenue MINUS explicit costs is called book profit. From a certain point of view, the explicit cost reflects the actual application cost, which can be reflected in the product value and can be directly calculated.

Implicit cost is a kind of cost that is hidden in the total cost of economic organization and separated from financial supervision, relative to explicit cost. It is caused by the behavior of economic subjects intentionally or unintentionally, and the hidden future cost and transfer cost are the sum of the future tense of the cost and the cost form passed on.

The obvious cost of Xiao Zhang's clothing business is 65438+ million+200,000 = 300,000.

Hidden costs include: wages for going out to work, etc.