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Allocate each of these cost or revenue descriptors into the relevant or not relevant category RELEVANT NOT RELEVANT We spent $10,000 on a machine 3 years ago Revenue in option 1 is $5, and in option 2 is $6 Fixed costs are $2000 regardless. Materials for option 1 is $2.50, and for option 2 is $2.50 If we didn't spend $1,000 on a machine upgrade, we could buy more advertising

Allocate each of these cost or revenue descriptors into the relevant or not relevant category RELEVANT NOT RELEVANT We spent $10,000 on a machine 3 years ago Revenue in option 1 is $5, and in option 2 is $6 Fixed costs are $2000 regardless. Materials for option 1 is $2.50, and for option 2 is $2.50 If we didn't spend $1,000 on a machine upgrade, we could buy more advertising

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Allocate each of these cost or revenue descriptors into the relevant or not relevant category RELEVANT NOT RELEVANT We spent $10,000 on a machine 3 years ago Revenue in option 1 is $5, and in option 2 is $6 Fixed costs are $2000 regardless Materials for option 1 is $2.50, and for option 2 is $2.50 If we didn't spend $1,000 on a machine upgrade, we could buy more advertising
Transcribed Image Text:Allocate each of these cost or revenue descriptors into the relevant or not relevant category RELEVANT NOT RELEVANT We spent $10,000 on a machine 3 years ago Revenue in option 1 is $5, and in option 2 is $6 Fixed costs are $2000 regardless Materials for option 1 is $2.50, and for option 2 is $2.50 If we didn't spend $1,000 on a machine upgrade, we could buy more advertising
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