What Is the Reason Behind Polaroid Going Bankrupt

question 137

Multiple Choice

What is the reason behind Polaroid going bankrupt?

• A) It failed to have innovative technology and a captive customer base.
• B) One-hour film processing and digital cameras stole its market share.
• C) People who wanted instant access to their pictures also wanted a third party involved.
• D) All of these.

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Definitions:

Overapplied Overhead

The condition where the overhead applied to products or services exceeds the actual overhead costs incurred.

Actual Manufacturing Overhead

The actual costs incurred in the production process that cannot be directly attributed to specific units of product, including costs such as maintenance and utilities.

Cost of Goods Available

The total cost of goods that are ready for sale at the end of an accounting period, including both newly manufactured goods and those previously in inventory.

Schedule of Cost

A detailed report displaying the various components of cost, including materials, labor, and overhead.