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Deming,who Revitalized the Japanese Industry with His Focus on Total

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Deming,who revitalized the Japanese industry with his focus on total quality management (TQM) and continuous quality improvement (CQI) ,introduced what concept to TQM?


Definitions:

Cost of Goods Manufactured

The total cost incurred by a company to produce goods within a specific time period, including labor, material, and overhead costs.

Manufacturing Overhead

Indirect costs associated with manufacturing, not directly traceable to a specific product, such as factory rent or maintenance.

Job-Order Costing

A cost accounting system used to accumulate costs of production by job rather than by process, suitable for companies producing individual, custom orders.

T-Accounts

A graphical representation used in accounting to depict the debit and credit sides of an account.

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