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

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