Examlex
A six sigma defect rate is six standard deviations above the mean rate.
Manufacturing Overhead
All manufacturing costs excluding direct labor and direct materials, such as utilities and rent for production facilities.
Cost of Goods Manufactured
This refers to the total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead costs.
Raw Materials Used
The total quantity and cost of raw materials employed in the production process during a specific period.
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