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Under JIT, the Number and Magnitude of Direct Fixed Costs

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Under JIT, the number and magnitude of direct fixed costs


Definitions:

Receipts

Documents that acknowledge the receipt of a payment or goods.

Application Programs

Software designed to perform specific tasks for users, such as word processing or web browsing.

Hardware

The visible parts of a computer system (keyboard, disk drive, monitor, and printers).

Software

Computer programs necessary for directing the computer hardware to perform specific functions; refers to the application programs containing instructions to the computer that enable it to perform tasks. A computer, by itself, cannot do anything without software for accessing and inputting data.

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