Case study : Wilkerson Company Wilkerson Company.pdf 1. Briefly describe Wilkerson's business. Brief

Apr 5th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

Case study : Wilkerson Company Wilkerson Company.pdf 1. Briefly describe Wilkerson's business. Briefly describe its products, and what is happening in its product markets. 2. Why is Wilkerson examining a "cost alternative"?

Word Count: 771
Showing Page: 1/5
Wilkerson Company.pdf1. Briefly describe Wilkerson's business. Briefly describe its products, and what is happening in its product markets.2. Why is Wilkerson examining a "cost alternative"?Students name:Institution:Course code:Course title:Instructor:Wilkerson Company.Introduction.The Wilkerson is a company that deals with the machining, assembling and also production of valves pumps and flow controllers. The company's profits have adversely dropped with high margins; consequently their competitors have overlooked the profit opportunities in flow controllers. Recently there has been a 10% increase in that line implemented without losing any business. The president, controller and the manufacturing manager of Wilkerson Company held a meeting to discuss on their competitors reducing the prices on pumps which is their major product line. The pumps being their commodity product have made them reduce their prices to maintain the volume. Consequently this has resulted to a decline in profitsmainly in the pump line.The company uses a simple cost accounting system was used with each unit of product charged for direct material and labor cost. Under annual purchasing agreements the material cost was based on the prices paid. Labor rates were charged to products based on the standard run times for each product at $25 per hour. The production department was one where components were machined and assembled into finished products. The company operated on various

Review from student

Studypool Student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors