(TCO 5) Which is NOT a component of the master budget?
Cost of goods sold budget
Budget to actual variance analysis
See Chapter 8.
3 of 3
The money already spent on the LeBaron is not relevant. The purchase price
and the repair costs are sunk costs; they are the same whether Lee Anna
restores the LeBaron or buys the CR-V.
All future costs that differ across alternatives
The Cost Analysis for Decision Making project is intended to be a comprehensive evaluation of the key
objectives covered throughout this course. It will challenge you to apply your knowledge of cost
information when evaluating the decision to make or buy