Examlex
Organizations should work to improve process capability so that quality control efforts can become more:
Direct Labor-Hours
A quantification of the overall hours dedicated to the direct production of goods.
Unadjusted Cost
Refers to the original cost of an asset or expenditure without any adjustments for depreciation, taxation, or any other modifications.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor costs.
Finished Goods Inventory
Finished goods available for sale but still held within the company's inventory.
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