The Benefits of Effective Scheduling Include Lower Cost, Faster Throughput

question 4

True/False

The benefits of effective scheduling include lower cost, faster throughput, and dependable delivery.

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Definitions:

Factory Labor

The total cost of labor directly associated with the operation of a manufacturing facility, including wages and benefits.

Work In Process Inventory

Goods that are in the process of being manufactured but are not yet completed in a company’s inventory.

Direct Labor

Costs associated with the work of employees directly involved in the production of goods or services.

Materials Requisition Slips

Documents used to request and authorize the release of materials from a storage area to production.