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Endospores Are

question 4

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Endospores are

Understand the principles of Just-In-Time (JIT) and how it applies to services.
Distinguish between lean operations and the Toyota Production System (TPS).
Calculate the optimal kanban size and number of kanbans for various scenarios.
Analyze the impact of setup cost and time on production planning.

Definitions:

Standard Costs

The predetermined costs associated with manufacturing a product or providing a service, used for budgetary and performance evaluation purposes.

Direct Labor Time Variance

A measure of the difference between the expected time to complete a task and the actual time taken.

Direct Labor Costs

The wages and related expenses for employees who are directly involved in the production of goods or services.

Rate Variance

The difference between the standard cost and the actual cost based on the rate of an input.

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