5. Helton brought his lunch to work today, but now a friend, Stile, has asked him to join her for lunch at the deli next door. Helton indicated his interest and asked Stile whether she would be paying for his lunch Select the correct statement from Helton's point of view a. The cost of the lunch brought represents an opportunity cost of dining with his friend b. The cost of the lunch brought is relevant to the decision to have lunch with his friend c. The cost to buy lunch at the deli is not relevant because it has not yet been incurred d. All of the above represent correct statements related to relevant costs . She said... no... 6. Nelson, Inc. manufactures multiple products in a single facility. Due to recent reported losses, management is considering the elimination of one of the products produced Which of the following costs is least likely to be relevant for this decision? a. Straight-Line depreciation of equipment used to produce the product in question. b. "Unit-level" material costs to produce the product in question. c. Packaging costs incurred to distribute the product in question. d. "Batch-level" setup costs that can be avoided by eliminating the product showing the loss e. "Product-level" costs (advertising) related to the product in question 7. The incremental cost associated with the production of a single item of inventory is known as a a. batch-level cost. b. facility-level cost. c. unit-level cost d. product-level cost 8. Select the incorrect statement conceming "opportunity" costs a. Opportunity costs are cumulative b. Opportunity costs are relevant if they differ among the alternatives at hand c. Opportunity costs must be future oriented d. Opportunity costs are never recorded in the accounting records