Next, Mr$.$ Suncat asks you to $$classify the following costs as a relevant cost or an irrelevant cost and then identify the type of cost $($sunk$,$ fixed, variable, or opportunity$)$ assuming that he is considering the possibility of opening a second bakery.

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Cost

Relevant

or Irrelevant?

Sunk, Fixed, Variable,

or Opportunity?

Mortgage on the Cake Shop

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Wages for the Bakers

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Mr$.$ Suncat$$s culinary school tuition $($paid off in $2018)$

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Icing for the wedding cakes

$$

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Striping the parking lot in front of the Cake Shop last year

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