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The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,
Direct Materials
Raw materials that can be directly traced to the production of goods in the manufacturing process.
Lean Manufacturing
A methodical procedure designed to cut down on waste in a factory setup without reducing work efficiency.
Manufacturing Cells
Groups of machines and/or workstations arranged closely together to manufacture similar products or components, enhancing production efficiency and flexibility.
Cost Of Production Report
A document detailing the total costs involved in manufacturing goods, including materials, labor, and overhead costs, usually within a specific period.
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