Each of the following statement may (or may not) describe one of these terms. Fo

Question

Each of the following statement may (or may not) describe one of these terms. For each statement indicate the accounting term or terms described or answer "none" if the statement does not correctly describe any of the these terms. A-Examination of differences between costs to be incurred and revenue to be earned under different courses of action. B-A cost incurred in the past that cannot be changed as a result of future actions. C-Costs and revenue that are expected to vary, depending on the course of action. D-The benefit foregone by not pursuing an alternative course of action. E-Products made from common raw materials and shared production processes. F-A cost yet to be incurred that will require future payment and may vary amoung alternative courses of action. G-The point at which manufacturing costs are split equally between ending inventory and cost of goods sold. TECHNICAL TERMS: Opportunit cost---Sunk cost---Out-of-pocket cost---Split-off point---Joing products---Relevant information---Incremental analysis Thank you!

Explanation / Answer

Hi, Please find the answers as below: A - Incremental analysis B - Sunk cost C - Relevant information D - Opportunity cost E - Joing products F - Out-of-pocket cost G - Split-off point Thanks, Aman

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