Answer:
traditional goal setting
Explanation:
This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.
Answer:
Direct labor cost will be equal to $236000
Explanation:
We have given total manufacturing cost = $450000
Manufacturing overhead totaling is equal to $98000
And direct material totaling is equal to $116000
We have to find the direct labor cost
Direct labor cost is equal to
Direct labor cost = Total manufacturing cost - manufacturing overhead totaling - direct material totaling
= $450000 - $98000 - $116000 = $236000
So direct labor cost will be equal to $236000
Answer:
D. The Nash equilibrium is for Firm 1 and Firm 2 each to produce 10.
Explanation:
Firm 2
10 units 20 units
10 units 30 / 50 /
Firm 1 30 35
20 units 40 / 20 /
60 20
(firm 1 /
firm 2)
Firm 1's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 50 = 80
Firm 2's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 60 = 90
Since both firms have the same dominant strategy (to produce 10 units), there is a Nash Equilibrium where both firms produce 10 units and each one earns 30.
Answer:
Decrease
No change
Explanation:
As we know that
Contribution margin ratio = [(Sales - Variable Costs) ÷ (Sales) ]
Now in the case when the selling price and the variable cost would decreased by 7% so the sales and variable cost would decreased by the similar amount so there is no change in the contribution margin ratio
Also
Contribution Margin per Unit = Sales revenue per Unit - Variable Expenses per unit
Now if the selling price and the variable cost would decreased by 7% so the contribution margin would also decrease