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The precedence diagram is a relatively simple technique available to help in the line-balancing
task.
Work in Process
Inventory that includes partially completed goods that are still in the production process.
Wages Payable
An account that records the amounts owed to employees for work performed that has not yet been paid.
Factory Overhead
All indirect costs associated with the production process, such as maintenance, utilities, and management salaries, not directly tied to specific units of product.
Factory Overhead
Costs associated with operating a factory that are not directly tied to the production of goods, such as utilities, maintenance, and management salaries.
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