Part 1
Go to the website of Procter & Gamble on the internet. Click on “Investor Relations” and then “Financial Reporting.” Download the latest Annual Report that can be found in a pdf document. Key in “cost” and click “search.” Scan the instances of when “cost” appears in the annual report. Then open the Consolidated Statements of Income, and examine them for information about product costs.
Please respond to this Discussion topic using the information from the Annual Report of Procter & Gamble. Take the time to review your classmates’ responses and provide your feedback.
- How much detail about product costs did you find in Procter & Gamble’s annual report?
- Why do you think Procter & Gamble reported this amount of detail regarding its product costs?
Part 2
You are a Manager at a Benefit Corporation tasked with the following: The production manager just called you to say something is awry with the costs involved with their “green” detergent production. She asks why workers are using more materials than usual in the production of the detergent. In addition, she wants to know why the direct labor cost has increased in comparison with previous months.
Checklist:
- What documents and data might you want to examine and why?
- Discuss the potential issues that might prevent the company from buying cheaper materials.
- Also, discuss the potential issues that a manager confronts when he/she needs to incur more direct labor cost in order to comply with the production deadlines.
These need to be seperatly and each part needs to be over 150 words. They do not need title pages or headings but they do need Referance pages and everthing needs to be cited if necessary.