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Strip that value out, and the percentage attributed to the actual cost of Chinese imports drops to just 1.2%.
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The bottom line is that half of the entire cost now attributed to the F-35 program for lifetime operations and sustainment is the result of changes made by the government since its inception in how estimates should be calculated and what the scope of the program should be.
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The food giant attributed the growth to effective cost management and to a prescient investment in its iconic brands.
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The company attributed the value boost to cost containment and reduction initiatives which saw workforce reductions and the closing of six facilities in North America.
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The high net interest margins at Wells Fargo have, in large part, been attributed to its large low cost average core deposits (which include noninterest-bearing deposits, interest-bearing checking, savings certificates, market rate and other savings, and certain foreign deposits).
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In January, the company reported reported earnings for the fourth quarter of 2012 that were down 37.8% year-over-year, and attributed the slide in part to the higher cost of renting aircraft, landing fees and fuel.
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They also saw a slight improvement at companies accused of accounting fraud, which they said might be attributed to a well-documented pattern of cost-cutting and asset sales at once-highflying companies that played with the books to keep their abnormal growth rates going.
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The cost has been driven up by a drop in production - attributed to the harsh winter and strained economy.
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