In incremental analysis, which of the following types of costs should be ignored? Sunk costs Opportunity costs Relevant costs No costs should be ignored Which of the following best defines relevant costs? Expenses that have already happened and cannot be changed Future costs that are different between alternatives Salaries and wage expenses All costs that are incurred If a company could lose $2,000 in net income by outsourcing product manufacturing of a particular product, but would gain $8,000 by freeing up capacity to focus on more profitable projects, should it outsource the manufacturing? Yes No