Finance
Contents Table
1Introduction ………………………………………………………………………….2
2 What effect would that action have had on the profit for the first six months of 2000.
3 Should the company have reduced the price of the 100 series from $2.45 to $ 2.25..2
4 Which is Berkshire’s most profitable product line …………………………………2
5 What advice for Mr. Magers………………………………………………………3-5
6 Conclusion………………………………………………………………………..5-6
7 Reference……………………………………………………………………………6
Introduction
Cost management is the process of production and operation of various cost accounting, cost analysis, the cost of decision-making and cost control, and a series of scientific management behavior general. This assessment is show the identify of cost management, combine with the Berkshire Threaded Fasteners Company situation, which idea is the most profitable , what should the manager do to change the different situation. Cost management generally includes the cost forecast, cost decision, cost planning, cost accounting, cost control, cost analysis, cost assessment functions. Cost management is an important part of enterprise management, and it requires a systematic and comprehensive scientific and reasonable, to increase production and savings, strengthen economic accounting, to improve enterprise management, improve the overall level of cost management is of great significance. In this paper will show how to take full use of cost management to help the company overcome the challenge.
Background
Berkshire Threaded Fasteners Company made only three lines of metal fasteners ( nuts and bolts) , the 100 series, the 200 series, and the 300 series. These were sold by the company sales force for use by heavy industrial manufacturers. All of the sales force on a salary basis. Sola all three lines but in varying proportions. In February 2000, Brandon Cooks was appointed general manager by Joe Mager, president of Berkshire Threaded Fasteners Companies. During a good business year the manager
1Introduction ………………………………………………………………………….2
2 What effect would that action have had on the profit for the first six months of 2000.
3 Should the company have reduced the price of the 100 series from $2.45 to $ 2.25..2
4 Which is Berkshire’s most profitable product line …………………………………2
5 What advice for Mr. Magers………………………………………………………3-5
6 Conclusion………………………………………………………………………..5-6
7 Reference……………………………………………………………………………6
Introduction
Cost management is the process of production and operation of various cost accounting, cost analysis, the cost of decision-making and cost control, and a series of scientific management behavior general. This assessment is show the identify of cost management, combine with the Berkshire Threaded Fasteners Company situation, which idea is the most profitable , what should the manager do to change the different situation. Cost management generally includes the cost forecast, cost decision, cost planning, cost accounting, cost control, cost analysis, cost assessment functions. Cost management is an important part of enterprise management, and it requires a systematic and comprehensive scientific and reasonable, to increase production and savings, strengthen economic accounting, to improve enterprise management, improve the overall level of cost management is of great significance. In this paper will show how to take full use of cost management to help the company overcome the challenge.
Background
Berkshire Threaded Fasteners Company made only three lines of metal fasteners ( nuts and bolts) , the 100 series, the 200 series, and the 300 series. These were sold by the company sales force for use by heavy industrial manufacturers. All of the sales force on a salary basis. Sola all three lines but in varying proportions. In February 2000, Brandon Cooks was appointed general manager by Joe Mager, president of Berkshire Threaded Fasteners Companies. During a good business year the manager