Examlex
Flexible automation produces one type of part or product in a fixed sequence of simple operations.
Weight Factor
A factor assigned to each product in a joint manufacturing process representing its importance in comparison to the other products.
Support Department
A division within a company that provides essential services or backup to the production or operations departments, not directly producing goods or services.
Cost Accounting
A type of accounting focused on capturing a company's total cost of production by assessing its variable and fixed costs.
Raw Materials
Basic materials and substances used in the initial stages of the production process to manufacture goods.
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