Explore BrainMass
Share

Standard Costs for a New Product

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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 March 21, 2019, 12:15 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.

$2.19