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Sandras Famous Boutique of Novelties, just spent $4,000 on a new software program that will...

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Accounting

  1. Sandras Famous Boutique of Novelties, just spent $4,000 on a new software program that will help in organizing the many items in inventory. Learning to use the new software will take some time so Sandra has to choose between hiring two part-time college students or one full-time employee.

Each college student would work 20 hours per week and would earn $15 per hour.

The full-time employee would work 40 hours per week and would earn $15 per hour plus the equivalent of $2 per hour in benefits.

Employees are given two T-shirts to wear as their uniform which cost $10 each. (2 Marks - .5 each)_

What are the:

  1. relevant costs,__________________

  1. relevant revenues, __________________

  1. sunk costs, _______________________

  1. opportunity costs for Sandra ________________________

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