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.
Other terms: d) Common costs: Costs which will be identical for all alternatives are irrelevant, e.g. rent or rates on a factory would be incurred whatever products are produced. e) Sunk costs: Another name for past costs, which are always irrelevant, e.g. dedicated fixed assets, development costs already incurred.he relevant costs for decision purposes will be the sum of: i) 'avoidable outlay costs', i.e. those costs which will be incurred only if the book project is approved, and will be avoided if it is not. ii) the opportunity cost of the leather (not represented by any outlay cost in connection to the project).