Cost Control Measures at General Electric

• Values:

• Actual Costs: $1,500,000
• Budgeted Costs: $1,200,000
• Variance: $300,000 (Unfavorable)
• Requirements:

0. Analyze the cost variance at General Electric.
1. Calculate the percentage variance relative to budgeted costs.
2. Discuss the role of cost control measures in improving profitability.
3. Recommend strategies to mitigate unfavorable variances.