1) Describe job order costing, process costing and activity-based costing in your own words. Provide examples of the type of companies that would use these costing methods (i.e., three company examples, one for each type of method). 2) Discuss the differences between relevant costs, opportunity costs and sunk costs in your own words. Provide examples with respect to how these costs pertain to incremental analysis. 3) Define a static budget and a flexible budget in your own words. Which is more useful for companies and why? How could you use variance analysis in your personal life for budgeting? 10:05 AM Type here to search