Wilkerson

  • Government Control in Future America

    perfect world by enforcing total equality but they can place limitations the people. Though the Amendments were enforced, the government couldn’t make a perfect world. “Some things about living still weren’t quite right, though.” (Lostracco and Wilkerson, Pg. 178). Harrison, age 14, was taken because of his mental and physical strength however, the government still failed to enforce control as they had to kill him off to quiet his protest. Harrison refused to fall victim to the equality law and encouraged

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  • Green Manufacturung

    with green supply chain consultant John Wilkerson about recent developments in sourcing for a sustainable supply chain. John Wilkerson is an author, global supply chain business adviser to the private sector, international trade adviser to the Obama administration, and U.S. clean energy delegate to the Asia Pacific Economic Cooperative. Wilkerson works with Bellwether Services, a consulting group in Atlanta, GA. In addition to strategic sourcing, Wilkerson consults on supply chain cost reduction

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  • Accounting

    Scale down the number of stores and salary costs. In other words, simply reduce fixed costs. They need to consider a more cost efficient means of distribution, such as create a web business to increase sales and competitiveness. Or find a new Wilkerson company 1. Using the information in the case, design an activity-based costing system and estimate product costs and gross margin percentages for valves, pumps and flow controllers. Justify your reasons for your ABC system design and computations

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  • Wilkerson

    Case write-up: Cost Management Wilkerson Company The problem – Current method of volume based costing Wilkerson Company is engaged in the manufacturing of valves, pumps and flow controllers. Its major problem is the very low pre-tax operating income of 3%. This problem can be majorly attributed to the pricing policy which the company follows. Because of the pricing policy, the company is able to earn fairly good margins on valves and flow controllers but is lagging way behind the target in the

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  • Accounting Frauds

    Accounting 860 Case 2: Wilkerson Co. Group 6 Julia Boggs Scott Drake Chengyuan Wang Yichun Wang October 16, 2013 1. What is the competitive situation faced by Wilkerson? Wilkerson has three products and they each faces different competitive situations. a. The pump market is highly competitive and Wilkerson has to match current market prices to keep its current market share. b. Wilkerson is a market leader in the valve industry and the market is mature

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  • Wilkerson

    ACCT5620W Contemporary Management Accounting Wilkerson Case Report * Contents Executive Summary 2 Competitive situation faced by Wilkerson 2 Wilkerson’s Existing Costing System Limitation & Possibility of Activity Based Costing 4 Cost Driver and rates under Activity-based Costing 6 Implication and Recommendations 8 Valves 8 Pumps 9 Flow controllers 9 Executive Summary Wilkerson traditional costing system seems to be too simplified. Using a single allocation base

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  • Certified Public Accountant

    Accounting for Multinational Companies Solution to the Wilkerson Case Igor Baranov Executive Summary Taking into account the difference among product and high proportion of overheads, Wilkerson should abandon its existing cost system and move to activity-based costing. The profitability analysis indicates that the company earns healthy margins on pumps and valves. However, the margin of flow controllers at actual usage of capacity is negative. Wilkerson should consider action targeted at cost reduction

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  • Wilkerson

    Wilkerson Company Περίληψη Το case study αναφέρεται στην κατασκευαστική εταιρεία του Wilkerson, η οποία κατασκευάζει 3 διαφορετικά προϊόντα, valves, pumps και flow controllers. Οι ανταγωνιστές της εταιρείας έχουν μειώσει τις τιμές στα pumps και ο Wilkerson αναγκάστηκε να μειώσει και τις δικές του τιμές για να διατηρήσει το μερίδιο του στην αγορά. Λόγω αυτού όμως η εταιρεία είχε μειωμένα κέρδη. Ο μοναδικός σχεδιασμός και η ψηλή ποιότητα των valves, οδήγησαν στη δημιουργία ενός σταθερού πελατολογίου

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  • Wilkerson Case

    41.00 The 3 products are distinct and utilization of various resources i.e. machine time, engineering costs, receiving & production control resources and setup time varied significantly across the 3 products. The study undertaken by Knight at Wilkerson Company indicated that the overhead costs exceeded the direct labor costs (300% of labor costs). Competitors measure their profitability based on contribution margins. The traditional costing system due to its % based allocation does not measure

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  • Wilkerson

     from  the  sale  of  pumps   and  valves.   Ø Increase  the  price  of  flow  controller  by  20%  or  more.  With  a  20%  price  increase  from  105  to   115,  Wilkerson  will  break-­‐even.  With  a  30%  increase,  the  profitability  will  increase  to  8%,   40%  increase  will  lead  to  10%  increase  and  50%  will  cause  the  profits

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  • Abc Cost Accounting

    Wilkerson Company Case: Wilkerson Company In the case, we have review the allocation of overhead by using Traditional Cost Accounting (TCA) and Activity Based Costing (ABC) in a manufacturing company named Wilkerson. Through the case study, I have learnt the importance of Cost Accounting System, the principles of TCA and ABC, the advantages and disadvantage of ABC, the practical use of ABC and cost reduction using ABC. 1. Importance of Cost Accounting System. Through the case study, I learnt

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  • Wilkerson

      Management  Accounting  for  Multinational  Companies   Solution  to  the  Wilkerson  Case   Igor  Baranov     Executive  Summary   Taking   into   account   the   difference   among   product   and   high   proportion   of   overheads,   Wilkerson   should  abandon  its  existing  cost  system  and  move  to  activity-­‐based  costing.  The  profitability  analysis   indicates   that   the   company   earns   healthy   margins   on   pumps   and   valves.   However,   the   margin   of   flow

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  • Wilkerson Memo

    Wilkerson has always been a competitive force in the pump manufacturing industry, but lately their profits have dropped to an unacceptable level. The drop in profits has forced management to take a look at several possible solutions, including their accounting methods. Historically, Wilkerson has relied on the traditional costing method of accounting meaning that they have allocated overhead as a percentage of the labor hour costs to each of the three products. The overhead costs are currently set

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  • Wilkerson

    1. Using the information in the case, design an activity-based costing system and estimate product costs and gross margin percentages for valves, pumps and flow controllers. Justify your reasons for your ABC system design and computations. As per the ABC costing system, the 5 overhead cost drivers that can be identified are: A. Product Sustaining Activity Costs (i) Engineering Costs B. Batch Activity Costs (i) Receiving & Production Costs (ii) Setup Labor Costs (iii) Packaging & Shipping

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  • Wilkerson Case Study Analysis

    Wilkerson Company Questions for Class Discussion 1. What is the competitive situation faced by Wilkerson? Wilkerson’s competitors have cut prices on their pumps, in order to maintain market share, Wilkerson also cut the price of their pumps. This dropped Wilkerson’s GM by about 15%. At the same time, Wilkerson was able to increase the price of their flow controllers by 10% without a drop in demand. The manufacturing manager now feels that the competitors’ valves are of equal quality as

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  • Worldview

    we can find the simple phase “Then do what is good.” Life is as simple as doing the right thing in God’s eyes. The Question of Destiny As Christians our destiny needs to be to live for glory in God. Destiny is simply God’s purpose for our life (Wilkerson, 1996). God shares in Jeremiah 29:11 that He will give us a future and hope. As long as we have God we will have peace as stated within John 16:33. A Biblical worldview should affect the way we treat others and how we respond to them. God wanted

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  • Wilkerson Case Analysis

    Todd Schueler Week 2 Assignment 1: Wilkerson Company Case Analysis Questions 3, 4, and 6 Saturday, April 05, 2014 3.) The estimated product costs for valves, pumps, and flow controllers using ABC for overhead activities (primarily Ex. 1 & 4) and direct cost data from the Exhibits are: * The Valves total product variable costs are $195,000, the Valves total fixed costs are $149,990.31 and the Activity Based Costing Valve cost per unit it $46. * The Pumps total product variable

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  • Mister

    Accounting and Control Spring 2007 Prof. Mozaffar Khan MIT Sloan School of Management Wilkerson „ Why is Wilkerson examining its costs now (what is the catalyst)? „ Its competitive environment: „ „ Declining overall profitability, price pressures on one product line, but apparent price inelasticity of demand for other product lines. „ How many overhead cost pools does Wilkerson currently have? „ One. Allocation base is direct labor dollars. Rate is 300%. „ Why

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  • Wilkerson Co Case

    Wilkerson Company Analysis June 30th, 2014 1. If Wilkerson were to cut prices, based on contribution margin, to just cover short-term variable costs, what consequences could it experience? Contribution margin-based pricing attempts to maximize profit generated from the sale of each unit of product by maximizing the difference between that product’s price and variable costs, or contribution margin. Under this pricing strategy, only variable costs, which increase with a higher sales volume and

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  • Strategic Hrm

    Accounting-- Wilkerson Company Case - Essays - Rain820420 RESEARCH PAPERS AND ESSAYS FOR ALL Search 350,000 Essays Question? 888-442-7499 SEARCH Join Login Writing Service Help Contact Us Saved Papers Get Better Grades Today By Joining OPPapers.com and Accessing Over 350,000 Articles and Essays! GET BETTER GRADES Save papers so you can find them more easily! Join Now Get instant access to over 350,000 papers. JOIN NOW Management Accounting-- Wilkerson Company

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  • Wilkerson Case

    1)Existing cost system Products | Units | Direct Labor | Direct Material | Total Direct Costs | Overhead Costs | Total Costs | Valves | 7500 | 75000 | 120000 | 195000 | 225000 | 420000 | Pumps | 12500 | 156250 | 250000 | 406250 | 468750 | 875000 | Flow Controllers | 4000 | 40000 | 88000 | 128000 | 120000 | 248000 | All overheads allocated in proportion to direct labour cost. This is not an accurate reflection of the true overhead costs of each product type. 2)ABC SYSTEM Cost per unit

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  • Wilkerson

    Section 1, Group 11 Group Members: Alex Schaefer, Shilpa Sitaram and Tushar Bhandari Assignment #1: Wilkerson Company Case 1) The existing cost system allocates overhead based on each product’s proportion of direct labor costs. The rate per unit of direct labor cost is 300% for all product groups. This results in the following cost breakdowns: 2) When you use an activity based cost model the allocations are as follows: Product Profitablity analysis |   |   |   |   | Valves | Pumps | Flow

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  • Age Discrimination Lawsuit and Case Study

    manager openly professed on several occasions that he was “too old” and “should just retire” and was “greedy” for continuing to work. Kmart settled for $120,000 with the EEOC based on discriminatory remarks made by the pharmacy manager. C. Wilkerson v. Martin Marietta Corp In After a lengthy lawsuit filed in early 1994, Lockheed Martin Corporation (owner of Marin Marietta Corp) agreed to settle for $13 million in one of the nation’s largest age discrimination lawsuits on the behalf of 450 former

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  • Costing Control

    Wilkerson has three products and they each faces different competitive situations. a. The pump market is highly competitive and Wilkerson has to match current market prices to keep its current market share. b. Wilkerson is a market leader in the valve industry and the market is mature and has only a few players. c. Flow controller market is an emerging market and is in the growth stage with unsatisfied demand and price sensitivity seems low in this market. d. The design for valves is unique and

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  • Philosophy and Religion

    of philosophers were very wrong about their views. Nietzsche many times had spoken many times about the theory that he thought that humanity, as a whole would end up facing a huge crisis that would end up seeing destruction throughout the world. Wilkerson (2014) said that Nietzsche was a German philosopher who wrote about things such as nihilism, nihilism is the belief that there are no loyalties in life and that there is no actual factual way to determine what is known or communicated within the

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  • Openpen

    Wilkerson Company Wilkerson company is operating the mature market with limited opportunities for innovation and facing declining from 10% to 3%. Wilkerson is producing 3 different kind of products; each has the same production process but not the same quantity of components. The valves and pumps production are high volume and standard, the flow controllers are low volume and highly customized. The overhead costs are 3 times of direct labor costs. The pump is facing the price pressure, but the

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  • Wilkerson Company

    WILKERSON COMPANY Executive Summary: The Wilkerson Company is not currently accounting correctly for their costs. They should be using an Activities Based Costing method and they will see that Flow Controllers are actually costing them significantly more than their other products and more than is reflected in their current accounting system. Actual gross margins will change noticeably with an Activities Based Costing system. Even operating at full capacity, Flow Controllers at the current price

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  • Wilkerson Case

    Case “Wilkerson Company” • The case is available for purchase at the NYUBookstore as a digital coursepack (in store or online at http://www.bookstores.nyu.edu). • Form your own group of at most 4 students (including yourself). Each group submits one solution. Show your calculations for problems 2-5. 1. What is the competitive situation faced by Wilkerson? 2. What is the structure of the existing (traditional) costing system? Evaluate the features of this system. Should Wilkerson abandon its

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  • Wilkerson Case

    Case “Wilkerson Company” • The case is available for purchase at the NYUBookstore as a digital coursepack (in store or online at http://www.bookstores.nyu.edu). • Form your own group of at most 4 students (including yourself). Each group submits one solution. Show your calculations for problems 2-5. 1. What is the competitive situation faced by Wilkerson? 2. What is the structure of the existing (traditional) costing system? Evaluate the features of this system. Should Wilkerson abandon its

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  • Wilkerson Company

    CASE REPORT DATE: 03/01/2015 GROUP 5: Oliver Principe, Jorge Colorado, Manwinder Singh, Amanpreet Mann SUBMITTED TO: Prof. Ting He CASE: Wilkerson Company Introduction Wilkerson Company is in the business of manufacturing valves, pumps and flow controllers. Wilkerson is currently faced with declining profit margins relative to industry competitors. Severe industry wise price cuts in the pump business, which is Wilkerson’s major product line, has badly affected the company’s margins (Gross

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  • Activity Based Costing

    share that Wilkerson has enjoyed for quite some time. In order to stave off competition, a reevaluation of the costs of producing valves can help the firm to determine the best ways to maintain its current market share. Flow controllers represent your company’s most unique product line. There is a great deal of variety in the types of flow controllers available in the market therefore less competition exists for this product line because of its customization ability. While the Wilkerson Company enjoys

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  • Wilkerson Case

    Wilkerson Company manufactures water purification equipment with unique high quality valve design. Recently, the company has experienced deterioration in pre-tax margins to below 3%, far below the historical 10% margins and sales has fallen bellow 20% due to competitive situation that is driving prices down on Pumps (commodity products). These products are produced in high volumes for a market with high price competition. Wilkerson is a quality leader, but should be prepared to compete on price.

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  • 1 Wilker

    What is the competitive situation faced by Wilkerson? Wilkerson’s competitors have cut prices on their pumps, in order to maintain market share, Wilkerson also cut the price of their pumps.   This dropped Wilkerson’s GM by about 15%.   At the same time, Wilkerson was able to increase the price of their flow controllers by 10% without a drop in demand.    The manufacturing manager now feels that the competitors’ valves are of equal quality as that of Wilkerson.   Currently, the competitors have not

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  • Law Firms Going Green

    “Going green” is a phrase that has been on the lips of many people for the past few years. To go green means you will act in a way to preserve the planet and its natural systems and resources (Wilkerson, 2009). In light of all the talks of going green many companies want to go green as well. Green jobs as explained in the Bureau of Labor Statistics website are jobs in businesses that produce goods or provide services that benefit the environment or conserve its natural resources. Jobs in which workers'

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  • Lava

    another journal from the bottomless pile or greeted another student with a smile, she often wondered whether it was all worth it.  Wilkerson had had such a moment about an hour earlier, when Ron Agua, whose office was across the hall, had waved to her as he walked past her door. "I’m off to the Rat," he announced. "Come join us if you ever get free." For a moment Wilkerson had stared blankly at the student before her, pondering the scene at the Rathskeller, the university’s most popular restaurant and

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  • Wilkerson Company

    by Wilkerson? There is a different competitive level in every Wilkerson product line. Pumps, the major commodity product line is facing a very stiff price competition, which is behind the decline in the company profits and actual gross margin to less than 20%, compared to 35% planned gross margin. Consequently, the Wilkerson company needs to reduce the price every month to maintain the market leader position. Wilkerson produces high quality products such as Valves, as well. Here Wilkerson gained

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  • Wilkerson's Case Study

    Delano – Vincent Magré – Arnaud Orhan – Arnaud Salvisberg – Annabelle Wephre Gaël Delano – Vincent Magré – Arnaud Orhan – Arnaud Salvisberg – Annabelle Wephre STUDY CASE : WILKERSON COMPANY STUDY CASE : WILKERSON COMPANY Table des matières What is the competitive situation faced by Wilkerson ? 3 Given some of the apparent problems with Wilkerson’s cost system, should executives abandon overhead assignment to products entirely by adopting a contribution margin approach in which

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  • Wilkerson Case

    Wilkerson Co. Case Group 6 #1) Wilkerson is dealing with many different factors when it comes to the competition in their industry. First, the main issue in regards to competition is the fact that all the competitors are cutting the price on their pumps in order to gain market share and creating a price war within the industry. This is something that happens often in very competitive industries and usually the largest companies survive such tactics. This tactic is good for the consumers in the

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  • Wilkerson Case

    AUGUST 5, 2003 ROBERT S. KAPLAN Wilkerson Company The decline in our profits has become intolerable. The severe price cutting in pumps has dropped our pre-tax margin to less than 3%, far below our historical 10% margins. Fortunately, our competitors are overlooking the opportunities for profit in flow controllers. Our recent 10% price increase in that line has been implemented without losing any business. Robert Parker, president of the Wilkerson Company, was discussing operating results

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  • Wilkerson Case

    ROBERT S. KAPLAN Wilkerson Company The decline in our profits has become intolerable. The severe price cutting in pumps has dropped our pre-tax margin to less than 3%, far below our historical 10% margins. Fortunately, our competitors are overlooking the opportunities for profit in flow controllers. Our recent 10% price increase in that line has been implemented without losing any business. Robert Parker, president of the Wilkerson Company, was discussing operating results in the latest

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  • Wilkerson Case

    R Marcin Wilkerson Company Case 1. What is Wilkerson’s competitive situation? What is the problem? Wilkerson’s competitive situation is with the other competitors that are making the same pumps lowered the prices so Wilkerson had to do the same thing. The problem with that is now Wilkerson is losing a gross profit of sales at 20%. Wilkerson will now have to think about its overhead costs to stop losing profit at the new price they are selling their pumps. 2. Should executives abandon

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  • Chapter 3

    6 I. PROBLEM IDENTIFICATION The main problem in this case is that Wilkerson is having difficulty appropriately pricing its products to retain gross margin in a competitive market. Price cutting by competitors led to a drop of Wilkerson’s pre-tax margin to under 3%, gross margin on sales for pump sales has fallen below 20% which is under the company’s plan. The problem in the current pricing method used by Wilkerson is that the real manufacturing cost of each product is not realistic because

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  • Accounting

    AUGUST S, 2003 ROBERT S. KAPL AN Wilkerson Cotnpany The decline in our profits has become intolerable. The severe p rice cutting in pumps has dropped ou r pre-tax margin to less than 3%, far below our historicallO margins. Fortunately, % our competitors are overlooking the opportunities for profit in flow controllers. Our recent 10% price increase in tha t line has been implemented without losing any business. Robert Parker, presiden t of the Wilkerson Company, was discussing operating results

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  • Case Study

    Hyeokchan Shin Prof. Cheng 02/24/16 BMGT321 Wilkerson Company Wilkerson Company mainly manufactures water purification equipment. The company’s profitability is resulting from the finished goods of pumps, valves, and flow controllers. However, the company has been experiencing the decline in profits. The overall pre-tax operating income has decreased from a historical rate of 10% to less than 3%. Production process of Wilkerson Company can be simplified into three stages. The company

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  • Essays Tina

    Anna Chamandy BMGT321 Professor Cheng February 24 2016 Wilkerson Case Currently, Wilkerson operates under a simple job-costing accounting system. It accounts for distinct cost objects. For example, it produces unique and different products for its customers such as valves, pumps and flow controllers. Direct material and labor are directly charged to the product (based on production units) and indirect overhead costs are allocated using one cost pool, direct labor production run time at

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  • Wilkerson Company Project

    What is the competitive situation faced by Wilkerson? Wilkerson’s competitors have cut prices on their pumps, in order to maintain market share, Wilkerson also cut the price of their pumps.   This dropped Wilkerson’s GM by about 15%.   At the same time, Wilkerson was able to increase the price of their flow controllers by 10% without a drop in demand.    The manufacturing manager now feels that the competitors’ valves are of equal quality as that of Wilkerson.   Currently, the competitors have not

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  • Wilkerson Harvard Solution

    Wilkerson Company Introduction Wilkerson Company is in the business of manufacturing valves, pumps, flow controllers etc. Severe industry wise price cuts in the pumps business, which is Wilkerson s major product line, has badly affected the company s margins (Gross Margin of 19.5% as against a planned gross margin of 35%). On the other hand the flow controllers division was performing above the expected profits (yielding a Gross Margin of 41%, a value higher than 35% estimated). Wilkerson needs

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  • Wilkerson Case

    environment. At a minimum, include any barriers to entry, industry maturity, the specific market and production complexity for each product, and marketing concerns. Wilkerson is a manufacturing company specializing in manufacturing components for water purification systems; the company makes valves, pumps, and flow controllers. Wilkerson is a supplier to companies that actually manufacture the water purification equipment. The relevant officers of the organization are: * Robert Parker, President

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  • Public Health Nursing History

    the film “Nursing in America – A History of Social Reform”. She believed that bedside care should be provided to the public sick poor as well as treating the social and economic problems they faced and providing them with health education (Buhler-Wilkerson). She sent out nurses who traveled door to door to the families of the community of which they served. They were the major health educators to the people of the cities, many of whom could be considered for lack of a better work, ignorant. They knew

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  • Problem Based Learning

    students through the process of problem solving (Wilkerson, 1995). The ‘problem’ has critical significance to the PBL pedagogy. Currently, researchers and practitioners face a variety of problems, so it is necessary to do in-depth and systematic taxonomy of the problem in the PBL. Teacher as Promoter Whether the teacher can use the advanced teaching skills, has a decisive effect on PBL. Through analysis of the basic elements of PBL, Wilkerson found the main role of the teacher is guiding the

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