General Electric’s Allocation of Costs

Create a 6 pages page paper that discusses general electric’s allocation of costs. General Electric and Cost Allocations At General Electric’s managers are very much concerned about the allocation of costs as these allocations are required for the proper delegation of resources and cost to the respective department. Manager at GE realize that the cost allocation to different divisions, plants, departments, contracts and/ or products will result in increased motivation for the organization, it will also justify costs of various expenditures as these would than be used by the auditors to audit and overlook all the managerial activities so that there are no issues arising at General Electric. Also, in order to justify cost plus pricing, General electric is involved in cost allocations and in strengthening the cost of the procedure. They are also involved in decision making with regards to joint costs, re allocation of costs from one department to another department as need arises. GE makes sure that the allocated costs are fair, workable, and rational and according to the needs of what is required by all the departments. Allocating costs for the handling and managing of different activities have to be simplified in various ways, this simplification will ensure that the targets for the companies are achieved and that the targets achieved should give maximum profitability for the company. The products of General electrics include lights, bulbs etc all go through manufacturing process to the finished stage where it has to be marketed and sold in the market. So it is important that the manufacturing sector gets the required budget for the manufacturing through their raw materials, the proper supply chain processes and than the marketing should also get all the required budgets to handle proper marketing and selling for the company. The budget that is circulated in the company, managers can’t surpass that and hence this is the only way through which employees can manage the way they negotiate in their dealings to conduct more cheaper and inexpensive work. Departmental budgets and costs are a good way to keep the company and all department effective and informed about how they get their departments to work on these lines and hence they adapt themselves to work in a culture which motivates all the employees, justifies all the costs that are accrued and also it justifies the way they make their expenditures. All the departments’ accrues costs, but the heaviest department is marketing, as all the marketing activities are very expensive and they are conducted on a large scale. The activities that are conducted on a large scale employs that bigger expenses would be done to meet the expectations of their competitors. Like if GE wants to make any advertisement, it will accrue cost, if they want to get some marketing done through sponsorships and other such related stuff than it is also expensive. So it’s important to track all the activities and to see it’s impact on sales. If sales are not improving than there’s no point of all these heavy ativties and hence it is important to do all but keeping in track of the sales situation. As with inflation the cost of doing business is also increasing. The raw materials are expensive, the duty on these raw materials is also expensive and the way to procure them has also become very expensive.

Myhomeworkwritings
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.