CostRelevantor Irrelevant?Sunk, Fixed, Variable,or Opportunity?Mortgage on the Cake ShopIrrelevantFixedWages for the BakersRelevantVariableMr. Suncat’s culinary school tuitionIrrelevantSunkIcing for the wedding cakesrelevantvariableStriping the parking lot in front of the Cake ShoprelevantvariableMr. Suncat’s decision not to attend graduate schoolirrelevantopportunityI have filled the chart out but was informed that I had an incorrect answer in each column, I am having trouble figuring out what I did incorrectly. Thank you!

Relevant costs: It refers to the costs that affects the decision making of the manager. It is…

Answered: Cost Relevant or Irrelevant?…

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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Cost	Relevant or Irrelevant?	Sunk, Fixed, Variable, or Opportunity?
Mortgage on the Cake Shop	Irrelevant	Fixed
Wages for the Bakers	Relevant	Variable
Mr. Suncat’s culinary school tuition	Irrelevant	Sunk
Icing for the wedding cakes	relevant	variable
Striping the parking lot in front of the Cake Shop	relevant	variable
Mr. Suncat’s decision not to attend graduate school	irrelevant	opportunity

I have filled the chart out but was informed that I had an incorrect answer in each column, I am having trouble figuring out what I did incorrectly. Thank you!

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