Differences between Sunk Cost and Incremental cost

Question

Illustrates the differences between Sunk Cost and Incremental cost?

Answer 1

Sunk Cost:

Sunk costs are those that have already been incurred and that cannot be changed by any decision made here or in the future. Such are past or historical costs.

Incremental cost:

It is additional costs incurred because of a change in the level or nature of activity.