Examlex
Which of the following is not one of the principles commonly found in companies that have successfully embraced the TQM philosophy?
Manufacturing Overhead Cost
All indirect costs associated with the production process, including but not limited to utilities, maintenance, and factory equipment depreciation.
Low Volume Products
Products that are manufactured or sold in relatively small quantities compared to other products in the company's portfolio.
High Volume Products
Products that are produced or sold in large quantities, often benefiting from economies of scale.
Departmental Overhead Rates
Costs associated with running a department that are allocated to the products or services it produces, based on a specific rate.
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