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Suppose scientists figure out how to prevent strokes and heart attacks by using microscopic robots that enter the bloodstream and fix problems before they become serious.This could fit into two categories of innovation.They are
Manufacturing Cost
The total cost incurred by a company to produce goods, including raw materials, labor, and overhead.
Calculated Selling Price
The calculated selling price is the price at which a product must be sold to cover its costs and achieve a desired profit margin.
Markup
The amount added to the cost price of goods to cover overhead and profit.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, calculated in advance based on estimated costs and activity levels.
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