Which of the Following Is not One of the Seven

question 58

Multiple Choice

Which of the following is not one of the Seven Wastes?

• A) overproduction
• B) transportation
• C) assignment
• D) defective product
• E) motion

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Definitions:

Direct Materials Cost

The cost of raw materials that can be directly traced to the production of goods.

Cost of Goods Manufactured

The total cost of producing goods during a specific period, including raw materials, labor, and overhead expenses.

Adjusted Cost of Goods Sold

The cost of goods sold that has been adjusted for changes in inventory levels or valuation methods.

Overapplied Manufacturing Overhead

A situation where the allocated amount of manufacturing overhead costs exceeds the actual overhead costs incurred.