The Lean Manufacturing Focuses on

question 50

Multiple Choice

The Lean manufacturing focuses on :

• A) Producing more output using less resource
• B) Producing less output using more resource
• C) High inventory costs
• D) Low labor costs

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Definitions:

First-In, First-Out

An inventory valuation method where goods first added to inventory are the first ones to be sold.

Equivalent Units

A conceptual unit used in cost accounting to represent the amount of work done on partially completed goods, allowing for the calculation of unit costs.

Finishing Department

A section in a manufacturing process where products are completed, processed further, or refined after initial production stages.

Equivalent Units

A term used in cost accounting to represent a portion of finished goods calculated by combining completed units and partially completed units.