Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
X's Strategy
X will like to divide his play between his rows in such a way that his expected winnings or losses when Y plays the first column will be equal to his expected winnings or losses when Y plays the second column.
Total = Q + 5(1-Q)
Total = 4Q + 3(1-Q)
Therefore, Q + (1-Q)5 = 4Q + 3(1-Q)Giving Q = 2/5 and (1-Q) = 3/5
This means that player X should play his first row 2/5th of the time and his second row 3/5 of the time.
Using the same reasoning Y' Strategy;
1 X R + 4(1-R) = 5R + 3(1-R)Giving R = 1/5 and (1-R) = 4/5
This means that player Y should divide his time between his first and second column in the ratio 1:4This is shown in the following matrix:
Determine Cost pool and Cost drivers Cost pool: it is another name given to a cost centre and, therefore an activity cost centre may also be termed as an activity cost pool.
Activity Based Costing (ABC) differs from Absorption Costing (AC) in the manner in which overheads are charged to units. ABC charges overheads to units based on their proportion
Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of $40 per unit. The company’s unit costs at this
How marginal costing would improve the problems faced in absorption costing on manipulation of profits.
In this method, approximation of various assets here excluding cash and including liabilities are made getting into consideration the transactions in the ensuring period. Afterward
It is the most practical way of estimating working capital needs. In such method, the finance manager gets ready a working capital forecast. While preparing such forecast, firstly
Full cost or mark up pricing or cost plus pricing method: In this method the marketer estimates the total cost of producing or manufacturing the product and then adds it a mar
Calculation
Activity Based Management (ABM) Also referred to as activity based cost management (ABCM). This is used to describe the cost management application of ABC. To implement A
5
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd