Samsung must confront sunk costs. Why are sunk costs irrelevant in deciding whether to sell a product in its present condition or to make it into a new product through additional processing?

Which one of the following statement is not correct? O Both fixed and variable costs influence short-term decision-making. O Short-term decision-making is all about analysing those costs that will change as a result of taking a particular action. O Opportunity costs are only considered when resources are limited. O Break-even analysis is used to determine how many units of a product or a service a business has to sell to cover all its costs.

What is the estimated selling price of a product less any costs necessary to further process the product beyond the split-off point?

Which of the following costs are always incremental and relevant in decision analysis?       a)  Opportunity costs and sunk costs   b)  Avoidable costs and opportunity costs   c)  Only avoidable costs   d)  Avoidable costs and sunk costs   Which of the following will increase a company's breakeven point?       a)  reducing its total fixed costs   b)  increasing the selling price per unit   c)  increasing variable cost per unit   d)  increasing contribution margin per unit