The answers are decrease and increase in that order.
Answer:
Unit product cost is equal to $66
Explanation:
It is given that direct material cost = $14
Direct labor cost = $44
Variable manufacturing overhead = $8
We have to find the unit product cost
Unit product cost is the sum of material cost labor cost and manufactoring overhead
Therefore unit product cost = $14+$8+$44= $66
So unit product cost is equal to $66
Answer:
Dr Cash/Bank Account $150
Cr Interest Income $150
Explanation:
When the bank reconciliation ordinarily includes interest earned, it means that the bank to credited the account with the interest earned however this is yet to be recognized in the company's cash account.
Hence to recognize it, the accounts involved are the interest income account and the cash/bank account. the required entries are
Dr Cash/Bank Account $150
Cr Interest Income $150
Being entries to recognize interest earned
Answer: $12,170
Explanation :
The company will pay $50,000 to office Employees and insures them at a rate of $0.42 per $100.
The estimated Premium for office Workers;
= 50,000 * 0.42/ 100
= $210
The company will pay $260,000 to Factory Employees and insures them at a rate of $4.60 per $100.
The estimated Premium for Factory Workers;
= 260,000 * 4.60/100
= $11,960
Total Estimated Premium;
= 11,960 + 210
= $12,170
Answer: Option B
Explanation: In simple words, dominant strategy refers to the situation in which one strategy gives higher outcome to one player as compared to other player.
Under such a situation the dominant player gets an absolute advantage against his or her opponent and will get better results bio matter how hard and efficient the opponent plays.
For example- In computer industry Apple has a dominant strategy which they have earned out of the market experience and no matter how much other companies try, they can not break customer base of Apple.