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Sav [38]
4 years ago
13

When Panasonic considers how to price a new product, they determine what price they think their customers will pay, and then ide

ntify what profit the company needs. From there they determine the features they can offer on this product. This method of determining price is known as:
a) cost-based pricing.
b) target costing.
c) value pricing.
d) demand-oriented pricing.
Business
1 answer:
Andrew [12]4 years ago
4 0

Answer:

b) target costing.

Explanation:

According to my research on different pricing methods, I can say that based on the information provided within the question the method being described is known as target costing. Like mentioned in the question this is the process of analyzing a product's life-cycle costs (how much customers may pay throughout the products life on the market) and then design the functions and features of the product around that data. This is done in order to all but guarantee that the products profit margin will be reached, and is what Panasonic is considering doing.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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D. Call an all staff meeting and give everyone the news at once.

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When Hope Springs Water Co. was looking to complete the _________ phase of the new product development process, the company coul
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Why didn’t worldcom try to structure the transactions to get a “step-up” in the tax bases of mci’s assets(?
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Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.


3 0
3 years ago
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month
julsineya [31]

Answer and Explanation:

a. The preparation of the cost of goods manufactured statement is as follows:

Opening work in process $119,760

Direct Material    

Opening inventory $178,750  

Add: Material Purchased $343,200  

Cost of Materials Available  $521,950  

Less: Ending Inventory -$151,940  

Cost of Direct Materials Used $370,010  

Direct Labor  $321,750  

Factory Overhead:    

Indirect Labor $34,320  

Machinery Depreciation $20,740  

Heat, Light and Power $7,150  

Supplies $5,720  

Property Taxes $5,010  

Miscellaneous Costs $9,300  

Total Factory Overhead $82,240  

Total Manufacturing Costs Incurred $774,000

Total Manufacturing Costs   $893,760

Less: Ending Work in Process $101,800

Cost of Goods Manufactured $791,960

b. Now the cost of goods sold is

Cost of Goods Sold= Cost of Goods Manufactured + Beginning Finished Goods - Ending Finished Goods

= $791,960 + $91,160 - $103,320

= $779,800

5 0
3 years ago
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