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The respective company of brand or product is responsible firstly bt secondly if the company crosses their lines ,then the government has the authority to cast some ristrictions and bring control over the prices... Hope that helps
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What is a product manager responsible for?
A product manager is responsible for developing and overseeing the products that an organization produces. According to Marty Cagan, writing in his book Inspire, the job of a product manager is "to discover a product that is valuable, usable, and feasible."
What are three major cost components of a manufactured product?
Materials(the cost of the raw materials used in the product) Labour(the cost in employing workers to manufacture the product) Transportation(the costs associated with both the transportation of the materials and of the finished product)
What is setup cost?
Setup cost is the cost of setting up the machine for manufacturing of units of product.
Product costs appear on the income statement in the form of?
Product cost appear on the income statement as cost of goods sold and on the balance sheet as inventory.
Challenges facing new companies?
Companies are challenged to produce a product that customers will need consistently. They are also challenged to market this product in a responsible way.
What is the role of a cost accountant in the business organization?
Cost accountants are responsible for establishing budgets for the organization. They also assign predetermined overhead rates for product, so that the business doesn't take a loss when they sell the product.
Is depreciation on a machine a period cost or product cost?
product cost
Is factory supplies a product cost or period cost?
Product cost
Cost of a delivery truck is a period cost or product cost?
Should typically be a product cost.
Is fixed cost relevant in determining price of a product?
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
Differentiate between period cost and product cost?
Period Cost: It is that cost which must be incurred by the company no matter it produce any product or not. Product cost: Product cost is that cost which is necessary to produce any production units to earn revenue.
Is factory supplies a product or a period cost?
Product cost
What does a production manager do?
"A Product Manager oversees the development of a product from concept development, through system demonstration, and into production. The Product Manager is responsible for the COST of the overall program to bring the item to market, the SCHEDULE of the development process, and the PERFORMANCE of the item once it is into production." This is the way most people think of product management, and it's a little off. In reality this is what a PROJECT manager is responsible for. A project manager is responsible for getting the product completed on time, on budget and on schedule. In simple terms a PRODUCT manager is responsible for the overall success of a product from its birth to its burial; the product lifecycle. Product managers maximize a products return on investment by evaluating the product vs. its place in the market and where the product is in it's lifecycle. Maybe the product needs to an update to extend its lifecycle or maybe the product has matured enough to become a commodity in the market so it's price may need to be rethought. Product Managers are the key to getting the most bang out of you products.
Is indirect labor cost a period cost?
Indirect labor is considered a period cost because it can't be traced by to the product. If a cost can be traced back to a product, then it is considered a product cost.
The real cost in the supply chain is end-to-end pipeline cost which includes?
U can say wt would be the right among the four options. Manufacturing cost of product, Cost of mark-downs and Inventory carrying costManufacturing cost of product, Cost of mark-downs, cost of lost of sales through stock outs and Inventory carrying costSelling cost of product, Cost of mark-downs and logistic costManufacturing cost of product, cost of lost of sales through stock outs and Inventory carrying costManufacturing cost of product, Cost of mark-downs and Inventory carrying costManufacturing cost of product, Cost of mark-downs, cost of lost of sales through stock outs and Inventory carrying costSelling cost of product, Cost of mark-downs and logistic costManufacturing cost of product, cost of lost of sales through stock outs and Inventory carrying costManufacturing cost of product, Cost of mark-downs and Inventory carrying costManufacturing cost of product, Cost of mark-downs, cost of lost of sales through stock outs and Inventory carrying costSelling cost of product, Cost of mark-downs and logistic costManufacturing cost of product, cost of lost of sales through stock outs and Inventory carrying costManufacturing cost of product, Cost of mark-downs and Inventory carrying costManufacturing cost of product, Cost of mark-downs, cost of lost of sales through stock outs and Inventory carrying costSelling cost of product, Cost of mark-downs and logistic costManufacturing cost of product, cost of lost of sales through stock outs and Inventory carrying cost
Are parents in KY responsible for collage cost?
No. States do not hold parents responsible for collage cost
Is depreciation of factory buildings classified as a period cost or product cost?
If factory building is used in production of units of product then it will be added to product cost as it is part of product to manufacture.
