Accounting terminology Listed below are eight technical accounting terms introduced or emphasized in this chapter: Opportunity cost Incremental analysis Sunk cost Split-off point Joint costs Out-of-pocket costs Relevant information Joint products Each of the following statements may (or may not) describe one of these technical terms. In the space provided beside each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms. (a) Data pertaining to future time periods that may vary among alternative courses of action (b) The point at which manufacturing costs are split between finished goods inventory and work in progress. (c) The benefit foregone by pursuing one course of action over another. (d) Products that emerge from common materials and shared production processes. (e) A cost incurred in the past that will not change as a result of future actions. (n) Costs yet to be incurred which are expected to vary under different courses of action. (g) The examination of differences between future costs and revenue under varying courses of action