Question: Question 4 Answer these questions briefly 1. Using examples differentiate between sunk cost and opportunity cost 2. How does mixed cost differ from variable cost?

Question 4 Answer these questions briefly 1. Using examples differentiate between

Question 4 Answer these questions briefly 1. Using examples differentiate between sunk cost and opportunity cost 2. How does mixed cost differ from variable cost? Illustrate your answer by sketch graph. 3. How does committed resources differ from flexible resources? Illustrate with examples 4. Compare and contrast variable cost and fixed cost. 5. Using examples show how management accounting differ from financial accounting

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