Which of the following costs is not relevant in decision making? sunk cost incremental cost opportunity cost ayoidable cost Question 2 A cost that differs between decision alternatives is called opportunity cost an a joint cost arelevant cost a sunk cost Question 3 1 pt Segment data for Grill King Foods' three divisions for the current year appears below: Chicken Tofu Beef Total $60,000 $100,000 $40,000 $200,000 Sales Cost of goods sold 24,000 65,000 20.000 109,000 Contribution margin 36,000 35,000 20,000 91,000 Direct fixed costs 20,000 22,000 11.000 53.000 $16,000 $13,000 $9,000 $38,000 Segment margin Common fixed costs Z,000 Z,000 Z,000 21.000 $9,000 $6,000 $2,000 $17,000 Profit If the Beef division is dropped, what would be the effect on total company profits? ($13,000) ($17,000) $35,000 $6,000 Opportunity costs are relevant to which of the following decisions? Whether to accept a special Whether to make order when capacity limited or buy a product no yes no no yes no yes yes no, yes no, no yes, no yes, yes Question 5 1 pts Common fixed costs that are allocated to segments can make a product line appear to be unprofitable are incremental costs are used to calculate the segment margin are relevant in decisions involving dropping a product line 2 2 A company that is operating at full capacity faces a decision about accepting a special offer for one of its products. A cost that is most likely not relevant to this decision is direct materials variable overhead fixed manufacturing overhead costs contribution margin earned on normal sales Question 7 1 pts McPupper Steel has products that can be sold as is for $13,000 as is, or could be reworked at a cost of $3,400 and sold for $16,000. What would be the incremental profit or (loss) of reworking and selling the products instead of selling them as is? $3,000 $6,400 ($400) ($9,600) Which of the following costs is not relevant in decision making? sunk cost incremental cost opportunity cost ayoidable cost Question 2 A cost that differs between decision alternatives is called opportunity cost an a joint cost arelevant cost a sunk cost Question 3 1 pt Segment data for Grill King Foods' three divisions for the current year appears below: Chicken Tofu Beef Total $60,000 $100,000 $40,000 $200,000 Sales Cost of goods sold 24,000 65,000 20.000 109,000 Contribution margin 36,000 35,000 20,000 91,000 Direct fixed costs 20,000 22,000 11.000 53.000 $16,000 $13,000 $9,000 $38,000 Segment margin Common fixed costs Z,000 Z,000 Z,000 21.000 $9,000 $6,000 $2,000 $17,000 Profit If the Beef division is dropped, what would be the effect on total company profits? ($13,000) ($17,000) $35,000 $6,000 Opportunity costs are relevant to which of the following decisions? Whether to accept a special Whether to make order when capacity limited or buy a product no yes no no yes no yes yes no, yes no, no yes, no yes, yes Question 5 1 pts Common fixed costs that are allocated to segments can make a product line appear to be unprofitable are incremental costs are used to calculate the segment margin are relevant in decisions involving dropping a product line 2 2 A company that is operating at full capacity faces a decision about accepting a special offer for one of its products. A cost that is most likely not relevant to this decision is direct materials variable overhead fixed manufacturing overhead costs contribution margin earned on normal sales Question 7 1 pts McPupper Steel has products that can be sold as is for $13,000 as is, or could be reworked at a cost of $3,400 and sold for $16,000. What would be the incremental profit or (loss) of reworking and selling the products instead of selling them as is? $3,000 $6,400 ($400) ($9,600)