Determination of incremental cost, opportunity cost and sunk cost describes the concept of incremental cost, opportunity cost and sunk cost in decision making. The Incremental cost and opportunity cost is a relevant cost in decision making but the sunk cost is regarded as irrelevant cost for decision making. The concept of Incremental cost, Opportunity cost and Sunk cost should be determined.

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Chapter 12, Problem 2Q

To determine

Determination of incremental cost, opportunity cost and sunk cost describes the concept of incremental cost, opportunity cost and sunk cost in decision making. The Incremental cost and opportunity cost is a relevant cost in decision making but the sunk cost is regarded as irrelevant cost for decision making.

The concept of Incremental cost, Opportunity cost and Sunk cost should be determined.

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