A company decided to replace an old machine with a new machine. Which of the following is considered a relevant cost? the book value of the old equipment depreciation expense on the old equipment the loss on the disposal of the old equipment the current disposal price of the old equipment It costs Sheffield Company $14 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $32. A foreign wholesaler offers to purchase 1010 scales at $18 each. Sheffield would incur special shipping costs of $3 per scale if the order were accepted. Sheffield has sufficient unused capacity to produce the 1010 scales. If the special order is accepted, what will be the effect on net income? $1010 increase $1010 decrease $2020 decrease $16160 increase Which of the following approvals will make the most effective environment for budget acceptance? The budget is prepared by top management. The budget preparation contains input from all levels of management. The budget is prepared by the department heads. Acceptance has nothing to do with who prepares budgets