QUESTION 7 ONLY!!

2 of 8 Explain relevant cost () d provide a detailed example thereof 12) Ecclain irrelevant cost and provide a detailed example thereof (2) Labour costs, depending on the situation be relevantarm when labour cost is relevant and when it is irrelevant 1) ant. Give in sample of When would a manager use relevant cost for decision making? Do you think relevant costs for decision-making is a good tool to use in practica? Explain why? Explain each will count 3) Opportunity with an example Sunk er historic cost with an e mple Vipavc Enterprises has the opportunity to produce a limited edition item. The contract is for 1000 identicales and the company will pay per unit. The information is as follows: Materials in regular business Material is a once a purchase that was made for a previous contract and will not be used again Labour needed for this project We will need to contact pecul labourin for this project at kaunit The project manager receives a sualalary of 3500 per month. She can be used on this pract as the organization currently has spreacity Other monthly cost pertaining to the project 300000 Rent for Vipa Enterprises ctricity Machinery bought 6 months ago Depreciation Question Calculate the minimum acceptable price for this limited editionem. Explain if you should accept this project or not Explain it any aspect of your anwer would change if there was no spare capacity in Vipave Enterprises (3) Question 2 of 8 Explain relevant cost () d provide a detailed example thereof 12) Ecclain irrelevant cost and provide a detailed example thereof (2) Labour costs, depending on the situation be relevantarm when labour cost is relevant and when it is irrelevant 1) ant. Give in sample of When would a manager use relevant cost for decision making? Do you think relevant costs for decision-making is a good tool to use in practica? Explain why? Explain each will count 3) Opportunity with an example Sunk er historic cost with an e mple Vipavc Enterprises has the opportunity to produce a limited edition item. The contract is for 1000 identicales and the company will pay per unit. The information is as follows: Materials in regular business Material is a once a purchase that was made for a previous contract and will not be used again Labour needed for this project We will need to contact pecul labourin for this project at kaunit The project manager receives a sualalary of 3500 per month. She can be used on this pract as the organization currently has spreacity Other monthly cost pertaining to the project 300000 Rent for Vipa Enterprises ctricity Machinery bought 6 months ago Depreciation Question Calculate the minimum acceptable price for this limited editionem. Explain if you should accept this project or not Explain it any aspect of your anwer would change if there was no spare capacity in Vipave Enterprises (3)