Its For the Beans, new coffee shop, has opened on campus. Janice, the manager, purchased a new software package that will help Its For the Beans keep better track of their inventory. Janice is trying to decide if it would be better to hire two college students to work part-time or hire one employee full-time. The part time worker would be paid $15 per hour and work 20 hours each. The full time worker would be paid $15 per hour plus $2 per hour in benefits. The full time worker will work 40 hours per week. Janice purchase uniforms for the employees to wear at $10 per uniform. Determine each of the following:

Relevant Costs

Relevant Revenue

Sunk Costs

Opportunity Costs