LO1 M4-11. Relevant Cost Terms: Matching SoundBite produces three different versions of portable digital music players, the Deluxe, Sport and Zip SoundBite is evaluating a proposal that will result in doubling the production of Sport and discon tinuing the production of Zip. The facilities currently used to produce Zip will be devoted to the produc- tion of Sport. Furthermore, additional machinery will be acquired to produce Sport. The production of Deluxe will not be affected. All products have a positive contribution margin. Required Presented below are a number of phrases related to the proposal followed by a list of cost terms. For each phrase, select the most appropriate cost term. Each term is used only once. Phrases 1. Cost of equipment to produce Zip 2. Increased variable costs of Sport 3. Property taxes on the new machinery 4. Revenues from the sale of Deluxe 5. Increased revenue from the sale of Sport 6. Contribution margin of Zip 7. Variable costs of Deluxe 8. Company president's salary Cost terms a. Opportunity cost b. Sunk cost C. Irrelevant variable outlay cost d. Irrelevant fixed outlay cost e. Relevant variable outlay cost f. Relevant fixed outlay cost 8. Relevant revenues h. Irrelevant revenues