As you consider different courses of action, what the role played by utilizing the concept of incremental cost?

Explain the concept of complementary products and why the concept is important in incremental decisions about products.

What is the impact of sunk cost, opportunity cost, out of pocket cost when you make a decision? Let me give you an example: suppose you are trying to make a decision to mow your loan by yourself or hire someone to do it for you? What are the factors you must consider when making such decision?

What does it mean responsibility accounting? Provide examples.

Discuss the difference between traceable and common fixed cost, committed and controllable fixed cost; provide examples.

How cost of operating service departments appear in responsibility income statement?

What are the various types of transfer pricing and how each would be used?

Explain why transfer pricing can be used between division within the same business and between business and another.

What is the relationship between contribution margin and responsibility margin?