Examlex
The acronym QFD stands for ________.
Job Order Cost
A costing method used to accumulate and assign the costs of labor, materials, and overhead to individual products or jobs.
Rework Costs
Expenses incurred to correct defective products or work processes, ensuring they meet quality standards before reaching the customer.
Just-In-Time
An inventory management strategy where materials and goods are produced or acquired only as needed in the production process, aiming to reduce waste.
Activity-Based Costing
A costing method that assigns manufacturing overhead and indirect costs to products and services based on their use of activities.
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