Answer: A business legally separate from its owners.
Explanation:
A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.
Answer:
$171 Favorable
Explanation:
Actual Variable Overhead Rate = Actual variable overhead cost / Actual direct labor-hours used
Actual Variable Overhead Rate = $9,531 / 2,310
Actual Variable Overhead Rate = $4.125974
Variable overhead rate variance = (Standard rate - Actual rate) * Actual Direct labor hours
Variable overhead rate variance = ($4.20 - $4.125974) * 2310
Variable overhead rate variance = $0.074026 * 2310
Variable overhead rate variance = $171 Favorable
Answer:
C) $200.00
Explanation:
Absorption Product Cost = Direct Labor + Direct Materials + Variable Overheads + Fixed Overheads
Thus, we need to Calculate the Total Cost of Goods Manufactured as follows :
Direct materials used $160,000
Direct labor $100,000
Variable factory overhead $60,000
Fixed factory overhead $80,000
Total Cost of Goods Manufactured $400,000
Then Calculate the product cost per unit
Product cost per unit = Total Cost / Total Production
= $400,000 / ($315,000/$225.00 + 600)
= $400,000 / 2,000
= $200.00
Note : Total Production = Units Sold <em>plus</em> Ending Finished Goods Inventory
Answer:
answer can be seen in the attached file
Explanation:
Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)
What is Game Theory?
This is a mathematical modelling that deals with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to in war, business, and biology, sport.
In Game theory, outcome is dependent on the contributions of competing parties
Answer:
B) improved decision making
Explanation:
A company's main objective is to make the rational decision that can help the company achieve its goals in order to capture the dynamics of the market.
If a wrong decision is made, it can harm the company's image and the situation would get worse, thus making the company profitable by making a good decision.
In case of the real-time information, decision making plays a very important role so that the managers could take the decisions at the specified time.
