Incremental Analysis Questions! Please help with short answer questions 1-12, Thank you!

Questions 1. What steps are frequently involved in management's decision-making process? 2. Your roommate, Anna Polis, contends that accounting contributes to most of the steps in management's decision-making process. Is your roommate correct? Explain 3. "Incremental analysis involves the accumulation of information concerning a single course of action." Do you agree? Why? 4. Sydney Greene asks for your help concerning the relevance of variable and fixed costs in incremental analysis. Help Sydney with her problem 5. What data are relevant in deciding whether to accept an order at a special price? 6. Emil Corporation has an opportunity to buy parts at S9 each that currently cost $12 to make. What manufacturing costs are relevant to this make-or-buy decision? 7. Define the term opportunity cost." How may this cost be relevant in a make-or-buy decision? 8. What is the decision rule in deciding whether to sell a product or process it further? 9. What are joint products? What accounting issue results from the production process that creates joint products:? 10. How are allocated joint costs treated when making a sell-or-process-further decision? 11. Your roommate, Gale Dunham, is confused about sunk costs. Explain to your roommate the meaning of sunk costs and their relevance to a decision to retain or replace equipment. 12. Huang Inc. has one product line that is unprofitable. What circumstances may cause overall company net income to be lower if the unprofitable product line is eliminated