Differential cost, sunk cost, opportunity cost: Differential cost, sunk cost, opportunity cost are the costs part of the managerial accounting . These costs are given more importance by the management to its internal evaluation of the product or products out come to seek remedy for critical business situation. To Explain: The differential, sunk, opportunity costs significance Solution: Differential, sunk, opportunity costs are the costs spent by the organization to increase its profit. Explanations: Differential cost is also known as Incremental cost, it can defined as . differential cost is used for modify the organization revenue activity by adding new machine or introducing new product line, this cost only suitable for existing organization. .Sunk cost is the cost previously incurred by the organization, can’t change or recovered through current decision making process but it can use as a reference to avoid the sunk cost in future.. .An Opportunity cost is the cost used by the organization to replace the present benefit for the best future benefit through proper decisions making.. Conclusion: Differential, sunk, opportunity costs comes under cost concepts, management could use these cost concepts in decision making for business success.