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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?
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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