Q3 Relevant costing. The company is considering switching one of their storage buildings (what cost is relevant and irrelevant) to manufacturing. Advise the company on what costs they need to take into account when making this decision (relevant/irrelevant opportunity/sunk costs) and what qualitative factors (quality of the product from delivery, customer satisfaction from delivery, reputation and images of company) they need to recognise to make informed decisions. (500 words) - 20 marks A) Define relevant/irrelevant costs -2M 50 B) Identify 5 relevant/irrelevant costs for the present decision. Justify your answer. -10M 250 C) Discuss 3 qualitative factors that need to be taken into account when making this decision D) Discuss the importance of recognizing qualitative factors to inform decisions -8M 200