Examlex
What is the voice production process?
Just-In-Time Method
A production and inventory strategy that aims to reduce costs by receiving goods only as they are needed in the production process, minimizing inventory levels.
Inventory Levels
Inventory levels refer to the amount of goods or materials a company holds for the purpose of resale or production.
Total Manufacturing Costs
Total manufacturing costs encompass the sum of direct labor cost, direct materials cost, and manufacturing overhead costs incurred in the production of goods.
Direct Materials
Raw materials that are directly traceable to the production of specific goods.
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