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Just-in-time (JIT) production systems
Variable Cost
Variable cost is an expense that changes in proportion to production output or sales volume.
Managerial Accounting
Managerial accounting involves the provision of financial and non-financial information to an organization's management team to assist in decision-making and strategy planning.
Setting Goals
The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or organizations.
Managerial Accounting Reports
Internal financial reports that provide managers with the necessary information to make informed business decisions, typically focused on future profitability and efficiency.
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