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(1)Explain differential analysis, give examples of sunk cost, opportunity cost. (2) How does the target cost concept differ from cost-plus approach? which industry may use

(1)Explain differential analysis, give examples of sunk cost, opportunity cost.

(2) How does the target cost concept differ from cost-plus approach?

which industry may use target cost concept for pricing?

(3) Under what conditions might a company use activity -based costing to allocate

factory overhead for products, why?

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