Examlex
Simplify the expression.
Job Order Cost
The total cost attributed to a specific job or project, including materials, labor, and overhead, used for costing in manufacturing upon receiving a specific order.
Manufacturing Cost Elements
The three primary costs involved in producing goods: direct materials, direct labor, and manufacturing overhead.
JIT Processing
Just-In-Time (JIT) processing is a management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.
Inventories
Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.
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