Examlex
Krista owns a hair salon.She wants to increase the number of clients she serves each month,and she wants to use a technological advance to do so.________ would represent a technological advance at her hair salon.
Equivalent Units Of Production
The number of production units that could have been completed within a given accounting period, given the resources consumed.
Average Cost Method
An inventory valuation method that calculates the cost of goods sold and ending inventory value based on the average cost of all similar items in inventory.
Direct Materials
Raw materials that can be directly traced to the production of goods in the manufacturing process.
Lean Manufacturing
A methodical procedure designed to cut down on waste in a factory setup without reducing work efficiency.
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