• Perform an incremental cost analysis for a new product launch at XYZ Corporation using the following data:

  Cost Component	Cost Increment ($)
  Direct Materials	$5,000
  Direct Labor	$3,000
  Manufacturing Overhead	$2,000

  Requirements:

  • Calculate the incremental cost for the new product launch.
  • Present the analysis in a detailed table format.
  • Discuss the implications of incremental cost analysis for decision making.