The Process in Which Standardized Components and Modules Are Produced

question 18

Short Answer

The process in which standardized components and modules are produced and then assembled based on the customer preferences only when customers need them is called ________.

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Definitions:

Machine-Hours

An accounting term that indicates the total number of hours a machine is used during a specific period for manufacturing purposes.

Manufacturing Overhead

All indirect costs associated with the production of goods, including utilities, rent for production facilities, and maintenance expenses.

Overhead Applied

The portion of overhead costs allocated to the production of goods, based on a predetermined rate or method.

Milling Department

A specific division within a manufacturing facility where milling processes, such as grinding, crushing, or cutting, are performed on raw materials.