1/1gageNOWv2 | Online teachir xEcom/ilm/takeASsignment/takeAssignmentMankao?invoker=&takeAssignmentSessiontocator=&inprogress%3DfalseGarrison Boutique, a small novelty store, just spent $4,000 on a new software program that will help in organizing its inventory. Due to the steep learning curve required to use thenew software, Garrison must decide between hiring two part-time college students or one full-time employee. Each college student would work 20 hours per week, and would earn$15 per hour. The full-time employee would work 40 hours per week and would earn $15 per hour plus the equivalent of $2 per hour in benefits. Employees are given two poloshirts to wear as their uniform. The polo-shirts cost Garrison $10 each. What are the relevant costs, relevant revenues, sunk costs, and opportunity costs for Garrison?OA. Relevant costs: benefits: $2 x 40 hours; uniforms: S10 x 2 shirts. Relevant revenues: None. Sunk costs: $4,000 for software. Opportunity costs: $4,000.OB. Relevant costs: benefits: $10 x 40 hours; uniforms: $2 x 2 shirts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: None.CC. Relevant costs: benefits: $2 x 40 hours; uniforms: $10 x 2 shirts. Relevant revenues: None. Sunk costs: $4,000 for software. Opportunity costs: None.OD. Relevant costs: benefits: $10 x 40 hours; uniforms: $2 x 2 shirts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: $4,000.Next

Relevant cost are those cost that would impact decision making and would be affected by it Sunk…

rts. Relevant revenues: None. Sunk costs: S4,000 for software. Opportunity costs: $4,000. rts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: None. rts. Relevant revenues: None. Sunk costs: $4,000 for software. Opportunity costs: None. rts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: $4,000.

rts. Relevant revenues: None. Sunk costs: S4,000 for software. Opportunity costs: $4,000. rts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: None. rts. Relevant revenues: None. Sunk costs: $4,000 for software. Opportunity costs: None. rts. Relevant revenues: Cannot be determined. Sunk costs: None. Opportunity costs: $4,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Lantz Family Restaurant operates in a suburb of a major city. Recently, the managers at Lantz have noticed an increase in the use of delivery apps such as Grubhub and DoorDash by their customers. The average fee paid by Lantz for this service currently is $6 per delivery. The managers are considering starting their own delivery service that they estimate would attract about 75 percent of the current deliveries. (Not all customers will switch, even though the service would be free, because of the convenience of the app, habit, and other factors.) Estimates by the financial consultant to Lantz are that the cost of the service, if provided by Lantz, would be $3.90 per delivery and an incremental $1,297 per month fixed costs. In an average month, 800 orders Lantz receives are to be delivered. Required: a. Prepare a schedule that shows the differential costs. b. Should Lantz Family Restaurant provide their own delivery service or continue to rely on other firms?
Pleace no excel thank you
Please do not give solution in image format thanku
Q45 Under which of the following cost approach limitations the economic value of human resources increases over time as the people gain experience but the capital cost diminishes through amortization process and hence becomes difficult to reconcile it. a. Standard cost b. Replacement cost c. Opportunity cost d. Historical cost
h7
Please Introduction and both subparts answer please I humble request plz no plagiarism please no plagiarism please
Please do not give image format
Please do not give solution in image format thanku
Please do not give solution in image format thanku
Subject: accounting
A28
/quiz/attempt.php?attempt3D1457214&cmid%3D719121&page%3D8%#3question-1620910-30 Academic O b. 38,500 O c. 56,000 O d. 101,500 e. 70,000 Clear my choice All else being equal, what happens to the unit contribution margin and the contribution margin ratio if the sales price per unit decrease? Select one: O a. Unit contribution margin increases while contribution margin ratio decreases. O b. Both unit contribution margin and contribution margin ratio increase. O c. None of the given answers. O d. Unit contribution margin decreases while contribution margin ratio increases. O e. Both unit contribution margin and contribution margin ratio are unchanged. Next page ge here to search