Jonathan Has Recently Developed a New Kind of Camera

question 20

Essay

Jonathan has recently developed a new kind of camera.He has a working prototype and plans to patent his invention.He needs to raise money for production,so he wants articles about his camera to appear in various publications.Discuss the problems that Jonathan might have to face if he wants to seek patents in other countries in the future.

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Definitions:

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly allocated to that product.

Abnormal Spoilage

Waste or defects in the manufacturing process that exceed the normal or expected rate of spoilage, often resulting in additional costs for a company.

Normal Spoilage

The expected amount of waste or loss of materials during a manufacturing process that is considered an unavoidable cost of production.

Operation Costing

A hybrid costing system used in manufacturing goods that combines both job costing and process costing methods.