What are the relevant costs

Assignment Help Managerial Accounting

Reference no: EM133649336

Question: Derek Dingler conducts corporate training seminars on managerial accounting techniques all around the country. An upcoming training seminar is to be held in Philadelphia. Just prior to that engagement, Derek will be in New York City. He plans to stay in Philadelphia the night of the seminar, as the next morning he plans to meet with clients about future training seminar possibilities. One travel option is to fly from New York to Philadelphia on the first flight on Friday morning, which will get him to Philadelphia two hours before the start of his seminar. The cost of that flight is $287. Uber fees for his time in Philadelphia will cost $68. His meal per diem is $40 for each full day and $25 for each half day. The hotel cost is $225 per night. His second option is the rent a car and drive the two hours to Philadelphia from New York City the afternoon before the seminar. The cost of the rental car including gas is $57 per day and the car will be needed for two full days. At the end of the meetings he will return to New York City. What are the relevant costs, relevant revenues, sunk costs, and opportunity costs that Derek Dingler has to consider in making the decision whether to fly or drive from New York City to Philadelphia?

Reference no: EM133649336

Questions Cloud

What aspect of project are you feeling most cofident about : What aspect of your project are you feeling most cofident about? As you discuss your work, try to use terms that we have learne throughout the course.

Create an empty database named adams : Create an empty database named Adams. Download the Excel file Ch03Ex02 and import the two worksheets to tables in your database

Read the facility care plan for 3 patients : Identify the steps of the nursing process in care planning and methods for creating, following, and documenting related to the plan of care.

Create your own section that will be inspired by a source : Make sure you capture all the elements of sections one, two, and three. Additionally, create your own section that will be inspired by an outside source.

What are the relevant costs : What are the relevant costs, relevant revenues, sunk costs, and opportunity costs that Derek Dingler has to consider in making the decision whether to fly

What is the reason care is not mission driven : What is the reason care is not mission driven?

Implementing a global product line-up strategy : Determine whether Samsung could benefit by implementing a global product line-up strategy to pursue profitability. To make the determination go

Define the concept and criteria of brain death : Decisions at the End of Life/ Define the concept and criteria of brain death.

Explain how samsung could benefit by product : Explain how Samsung could benefit by product pricing in terms of cost-plus concepts. This explanation should include Samsung's future plans, such as, expansion

User Account

All Pages