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    Standard Costs for a New Product

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    1. Please help to research on Internet about any new product that Ford company www.Ford.com has recently introduced.
    2. Please discuss steps that the company took in establishing standard costs for this new product.

    © BrainMass Inc. brainmass.com April 1, 2020, 12:01 pm ad1c9bdddf
    https://brainmass.com/business/accounting/standard-costs-product-62887

    Solution Preview

    Please see response attached.

    1. I need to research on Internet about any new product that Ford company www.Ford.com has recently introduced.
    Have you visited the site yet, if not, let's do that now? On the Main page click on innovations first TO SEE IF THERE ARE ANY NEW PRODUCTS THAT YOU CAN CONSIDER FOR THIS ASSIGNMENT.
    As you can see, the information below is from this page:
    Example 1:

    We're working on hybrid technology, smarter vehicles and assuring a better environment.
    See more detail http://www.ford.com/en/innovation/technology/puttingHybridsOnTheRoad.htm.
    http://www.ford.com/en/innovation/technology/hydrogenTransport/default.htm
    http://www.ford.com/en/innovation/technology/hydrogenTransport/faq.htm
    Example 2:

    Testing technologies for the future to keep your family safe.

    See http://www.ford.com/en/innovation/technology/hydrogenTransport/faq.htm for more topics on safety.

    Example3:

    Ford's Design Team brings you exciting concept vehicles, new designs and performance-oriented engine technologies.
    See http://www.ford.com/en/innovation/design/default.htm for more on topics of design.

    Designing for Performance

    Energy in Motion

    Living Legends: The Ford Design Team

    Model for Change

    From: http://www.ford.com/en/innovation/design/default.htm

    2. I need to discuss steps that the company took in establishing standard costs for this new product.
    I have did an extensive search of the Ford website, but cannot find any information about how it established standard costs for new products. Maybe you will have better luck www.Ford.com
    I TRIED ANOTHER search strategy on the ford.com site, e.g., in the search box, I used the search words "pricing new products" and come up this the following: http://media.ford.com/newsroom/release_display.cfm?release=9620
    a. Range Rover
    For ...

    Solution Summary

    Provides assistance and links for research on a new product that Ford company has recently introduced, and then this solution discusses the steps that the company took in establishing standard costs for this new product.

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