When you file taxes or fill out tax forms for employment you are able to state how many people you claim in your household. When you claim them, that means you are their provider and they depend on you to provide for them. Out of the choices above: self, family dog, neighbor’s Uncle Fred and dependents. The only two valid claims would be self and dependents. You can claim yourself and the children living in your home. Your dog is not a person, therefore can not be claimed and your neighbors Uncle Fred does not live in your home.
According to the manufacturing process, the eggs are processed to prepare them for shipping and purchasing by a consumer through the use of an <u>automated machine, called a “breaker</u>."
<h3>What is the Automated Machine known as Breaker?</h3>
The automated machine known as the <u>breaker</u> in the processing and preparation of eggs is known to break the eggshell, and most often segregates the yolks from the whites.
Typically, these eggs are then pasteurized and processed into liquid, frozen or powdered form to be utilized in restaurants and bakeries or to make other products such as mayonnaise or shampoo.
<h3>The processing of eggs usually involved the following process or steps:</h3>
- breaking,
- filtering,
- mixing,
- stabilizing,
- blending,
- pasteurizing,
- cooling,
- freezing
- drying, and
- packaging.
Hence, in this case, it is concluded that the correct answer is the use of the <u>automated machine, called a “breaker."</u>
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Complete Question:
1. Select the correct statement regarding relevant costs and revenues.
A. Sunk costs are not relevant for decision-making purposes.
B. Relevant costs are frequently called unavoidable costs.
C. Direct labor is an example of a unit-level cost.
D. Only variable costs are relevant for decision making.
Answer:
1. A
2. D
3. B
Explanation:
1. The correct statement regarding relevant costs and revenues is that sunk costs are not relevant for decision-making purposes. Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
2. Expected future revenues that differ among the alternatives under consideration are often referred to as differential revenues. It is the difference in revenues among two (2) alternatives, which would influence decision making.
3. The benefits sacrificed when one alternative is chosen over another are referred to as opportunity costs. It is also referred to as alternative forgone.
<em>For example, Tony gives up going to see a new movie at the cinema in order to prepare for an examination, so as to get a good grade</em>.