Chp. 18 Ethical issue FORUM DESCRIPTION All chapter discussions are post-first discussions. That means you must create and submit your own response (post before you are able to see discussion posts from other students. Click create a thread to type your response. You cannot edit or delete your response after you submit your post should include 300 words and at least a 100 word response Labor costs of an auto repair mechanic are seldom based on actual hours worked. Instead, this labor cost is based on an industry average of time estimated to complete a repair job. This means a customer can pay, for example, $120 for two hours of work on a car when the actual time worked was only one hour. Many experienced mechanics can complete repair jobs faster than the industry average. Assume that you are asked to complete such a survey for a repair center. The survey calls for objective input, and many questions require detailed cost data and analysis. The mechanics and owners know you have the survey and encourage you to complete it in a way that increases the average billable hours for repair work Required 1. Write a one-page memorandum to the mechanics and owners that describes the direct labor analysis you will undertake in completing this survey Your post will be graded as follows: Addresses prompt(s) fully using standard English grammar and spelling A substantial response to one classmate do not just say "Nice post" or "1 agree") using standard English grammar and spelling A substantial response to one more classmate (do not just say "Nice post" or "agree") using standard English grammar and spelling Total Possible 80% 10% 10 100% Need help with Blackboard? Review the Discussion Forum Tutorial. Che. 19 Ethical issue FORUM DESCRIPTION All chapter discussions are post-first discussions. That means you must create and submit your own response (post) before you are able to see discussion posts from other students. Click create a thread to type your response. You cannot edit or delete your response after you submit. Your post should include 300 words and at least a 100 word response FDP Company produces a variety of home security products. Gary Price, the company's president is concerned with the fourth-quarter market demand for the company's products. Unless something is done in the last two months of the year, the company is likely to miss its earnings expectation of Wall Street analysts. Price still remembers when FDP's earnings were below analysts' expectation by two cents a share three years ago, and the company's share price fell 19% the day earnings were announced. In a recent meeting, Price told his top management that something must be done quickly. One proposal by the marketing vice president was to give a deep discount to the company's major customers to increase the company's sales in the fourth quarter. The company controller pointed out that while the discount could increase sales, it may not help the bottom line to the contrary, it could lower income. The controller said, "Since we have enough storage capacity, we might simply increase our production in the fourth quarter to increase our reported profit." Required 1. Gary Price is not sure how the increase in production without a corresponding increase in sales could help boost the company's income. Explain to Price how reported income varies with respect to production level. 2. Is there an ethical concern in this situation? If so, which parties are affected? Explain. Your post will be graded as follows: Addresses prompt(s) fully using standard English grammar and spelling A substantial response to one classmate (do not just say "Nice post" or "agree") using standard English grammar and spelling A substantiat response to one more classmate (do not just say "Nice post" or "agree") using standard English grammar and spelling Total Possible 80% 10% 10% 100% Need help with Blackboard? Review the Discussion Forum Tutorial