Examlex
Which of the following statements is true concerning ISO 9000 standards?
I. They are intended to prevent nonconformities during all stages of inspection
II. There is only one ISO 9000 standard and it only applies to manufacturing.
III. They describe the fundamental concepts of a quality management system.
Finished Goods Inventory
Inventory that consists of items that have completed the manufacturing process but have not yet been sold to customers.
Budgeted
Pertaining to amounts or figures that have been planned for in a budget, predicting future income and expenditures.
Manufacturing Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.
Direct Labor-Hours
The total hours worked by employees directly involved in the production process, used as a basis for allocating labor costs to products.
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