General Electric medical systems, 2002 General Electric medical systems, 2002 Q 1. What is the underlying logic behind the global product idea? What are the costs and the benefits that are expected? Answer- Global Electric Medical Systems (GEMS) had built a global presence on the backs of the Global Product Company (GPC) concept .This philosophy concentrated on manufacturing and then carry out activities anywhere in the world, where it could be carried out to GE’s Standards and cost
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PRODUCT DESIGN Have you ever been with a group of friends and decided to order pizzas? One person wants pizza from Pizza Hut because he likes the taste of stuffed-crust pizza made with cheese in the crust. Someone else wants Gracias pizza because she likes the unique crispy-thin crust. A third wants pizza from Smokey’s because of the wood grilled oven taste. Even a simple product like a pizza can have different features unique to its producer. Different customers have different tastes, preferences
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information: * Total revenue = $180,000 * Expenses: * Cost of pogo sticks = $75,000 * Employees’ wages = $40,000 * Utilities = $6000 * Taxes = $7,000 * Advertising expenses = $7500 Answer the following questions: a. What are your explicit costs? Cost of pogo sticks 75,000 Employees wages 40,000 Utilities 6000 Taxes 7000 Advertising 7500 Total = 135,500 b. What is your accounting profit? Total revenue – total expenses = accounting
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SUMMARY Jessica Turner has a master's degree in accounting and an undergrad degree in business. She established Turner Test Prep, a CPA exam review center, after being rejected by the Big Six accounting firms. She decided to bring the company into existence when she was searching for other employment options, and also because she had experience in the field when she worked at a review center's business office before taking up her master's degree. There, she inadvertently started teaching the math
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social responsibility -1- MA1 2014-2015 MANAGEMENT ACCOUNTING MODULE 1 PART 5 Slides 68 – 70: Past CGA Exam question For the year ended March 31, 1993, you are given the following data: Direct materials used Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods sold Net income Required Compute the following: 2 a. Direct labour 2 b. Ending work-in-process inventory 2 c.
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PREMIER PRODUCTS, INC. Premier Products, Inc. manufactures tennis rackets. Premier Products has grown extensively over the past two years. While the company has been very profitable, President Mark Harrison is concerned with its ability to cost products accurately. Some products appear to be very profitable while others, which should be showing a profit, seem to be losing money. The production manager is convinced that his production processes are as efficient as any in the industry, and he is unable
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1) Units Produced and Sold 2) Parker Company 60,000 80,000 100,000 Contribution Format Income Statement Total Costs: Current period Variable Costs 150,000 $200,000 250,000 Fixed Costs 360,000 360,000 360,000 Sales ( 90,000 x $7.50) $675,000 Total Costs: 510,000 $560,000 $610,000 Variable costs (90,000 x $2.50) $225,000 Contribution margin $450,000 Costs per unit:
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Evaluating Fuel Reduction Costs for Peregrine Trucking Company MGT325 Instructor: Ricky Benito September 28, 2014 The transportation system is designed to move cargo between points of embarkation to debarkation and serves the customer (requestor) and the carrier (shipper). Within the transportation system, different entities are working together to ensure a smooth reliable process is in place to benefit the customer and the company. As with any business, there are expenses related to the
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Answer # 1: a) Total cost =$40,000+$45Q Total revenue=$100Q Break-even=QB.E=F. C/ (s. p – v. c) QB.E = 40,000/ (100) =727.3 So, Break-even is exceeded at 728 units. Graph: Break Even 100,000 80,000 60,000 Total Rvenue 40,000 TotalCost 20,000 0 300 600 720 900
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overhead. A period cost is a cost that is taken directly to the income statement as an expense in the period in which it is incurred. 2-4 a. Variable cost: The variable cost per unit is constant, but total variable cost changes in direct proportion to changes in volume. b. Fixed cost: The total fixed cost is constant within the relevant range. The average fixed cost per unit varies inversely with changes in volume. c. Mixed cost: A
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