10.1 Felipe’s Restaurant and Pie Shop needs help defining the costs for his business. He also wants to know which costs are relevant or irrelevant to his decision. Identify each cost as relevant or irrelevant. Then identify the type of cost (sunk, fixed, variable, or opportunity).

Cost Relevant or Irrelevant?

Sunk, Fixed, Variable, or Opportunity?

Rent Baker wages Felipe’s culinary school tuition Berries for pies Painting dining area last year Felipe’s decision not to attend graduate school