• General Electric implements Lean principles to reduce production costs.
• Requirements:
  • Calculate the Cost per Unit for manufacturing a turbine that incurs total costs of $1,000,000 and produces 100 units.
  • Recommend cost reduction strategies.
  • Explain how reducing Cost per Unit supports Lean manufacturing objectives at General Electric.
  • Present a table showing the cost breakdown and potential savings.

Metric	Calculation	Value
Cost per Unit	Total Costs / Number of Units	$1,000,000 / 100 units
Target Cost per Unit	Reduced Costs / Same Number of Units	$X
Financial Impact	Lower production costs and improved profitability	$Y
Impact on Balance Sheet	Improved cost structure and asset efficiency	$Z