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3 years ago

Which of these is an example of innovation?

Business

1 answer:

mamaluj [8]3 years ago

7 0

<h2>Innovation are broken down into three general categories: product, process, and marketing innovation. </h2>

Explanation:

Product innovation: The development of a new product, an improvement of the existing product and a new feature to an existing product.

Drivers of product innovation might be technological advancements, changes in customer requirements, or outdated product design.

This innovation is generally visible to the customer and should result in a greater demand for a product.

Process innovation: Henry Ford’s invention of the world’s first moving assembly line.

Marketing innovation: Amazon found a new channel through technology by eliminating the traditional retail distribution channel and developing direct relationships.

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A? company's production department was experiencing a high defect rate on the assembly? line, which was slowing down production

emmainna [20.7K]

The situation above would produce an unfavorable materials price variance. A material price variance is a measure of the difference between the standard costs and actual costs. This value is unfavorable when the actual price is greater than the standard price which would result to a negative value of the variance.

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4 years ago

Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales

melomori [17]

Answer:

The correct answer here is C) an employee .

Explanation:

Even though Patrick has written independent contract agreement with his broker, he will be considered an employee not independent contractor because Patrick is earning 75% of his total income from his broker on a hourly wage and that is paid to him on normal pay date , while the independent contractors are paid when the accounts payable receives the invoice, usually independent contractors are paid after the completion of task or at the end of a period.

7 0

4 years ago

Read 2 more answers

The Delphi method is __________.

Nadusha1986 [10]

Answer:

B. a qualitative forecasting technique in which experts work individually to develop forecasts.

Explanation:

The Delphi method is a forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts. Several rounds of questionnaires are sent out to the group of experts, and the anonymous responses are aggregated and shared with the group after each round.

The experts will answer without brainstorming with others

5 0

4 years ago

Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year:

m_a_m_a [10]

Answer:

Deoro Company

Unit cost for each model

Model A Model B

1. Using direct labor hours $176.72 $232.815

2. Using the four activity drivers $136.45 $298.20

3. ABC (method 2) produces the more accurate cost assignment. The overhead cost depends on the level of activity consumed by each model.

Explanation:

a) Data and Calculations:

Activity Expected Cost Activity Driver Activity Capacity

Setting up equipment $492,880 Number of setups 610

Ordering costs 372,000 Number of orders 18,600

Machine costs 963,600 Machine hours 43,800

Receiving 501,600 Receiving hours 11,400

Total overhead costs $2,330,080

Activity rates:

Setting up equipment = $808 ($492,880/610) per setup

Ordering costs = $20 ($372,000/18,600) per order

Machine costs = $22 ($963,600/43,800) per machine hour

Receiving = $44 ($501,600/11,400) per receiving hour

Total direct labor hours = 8,000

Total overhead costs = $2,330,080

Predetermined overhead rate using direct labor hours:

= $291.26 ($2,330,080/8,000)

Unit cost for each model:

Using direct labor hours to apply overhead:

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead $1,747,560 $582,520

Total costs $2,827,560 $1,862,520

Unit costs $176.72 $232.815

Units completed 16,000 8,000

Direct labor hours 6,000 2,000

Number of setups 400 200

Number of orders 6,000 12,000

Machine hours 24,000 18,000

Receiving hours 3,000 7,000

Overhead assigned to:

Using predetermined rate based on direct labor hours:

Model A Model B

Overhead rate = $291.26 per direct labor hours

Direct labor hours 6,000 2,000

Using direct labor hours $1,747,560 $582,520

Using activity-based costing method:

Rates Model A Model B

Setting up equipment = $808 $323,200 ($808*400) $161,600 ($808 * 200)

Ordering costs = $20 120,000 ($20 *6,000) 240,000 ($20 * 12,000)

Machine costs = $22 528,000 ($22 *24,000) 396,000 ($22 * 18,000)

Receiving = $44 132,000 ($44 * 3,000) 308,000 ($44 * 7,000)

Total overhead assigned $1,103,200 $1,105,600

Using activity-based rates to apply overhead:

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead $1,103,200 $1,105,600

Total costs $2,183,200 $2,385,600

Units completed 16,000 8,000

Unit costs $136.45 $298.20

4 0

3 years ago

Hot Topic has a policy of promoting from within. If Hot Topic uses clearly defined selection criteria and a transparent process,

cestrela7 [59]

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

5 0

3 years ago