One source of new-product ideas is competitors and Steven Fischer recently joined Frankie as well as Alex Specialty Products as a brand manager. His new boss told him, we don't have a budget for new-product development. We just observer our competitors' new-product introductions as well as offer knockoffs of any that look like they will be successful. 1. Is this practice ethical and Why or why not and Justify your answer.
2. Give four instances of products that have been introduced based on similar products

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000