1 Use open shelving and do not cover food with foil. 2  Checks foods in multiple locations throughout a cold storage area; temperature may not be uniform.  For ready-to-eat foods prepared on-site, label and comply with storage time standards (seven days maximum for food held at 41Âº F or below).
A sunk cost is a cost that an entity has incurred, and which it can no longer recover by any means. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since you cannot recover the cost. However, many managers continue investing in projects because of the sheer size of the amounts already invested in the past.
The $1,000 cost of oil is a sunk cost. The $1,200 current market value of the required oil is the relevant cost because utilizing it on this order will require purchase of additional oil at the market rates to meet the production needs of other tires. Alternatively, the oil could be sold for $1200.