Examlex
Few manual processing systems are batch oriented.
Process Cost Accounting
Process cost accounting is a method used to allocate production costs to units of output in continuous or repetitive manufacturing processes.
Materials Account
The materials account is used in accounting to track the cost of raw materials that are either in stock or used during the manufacturing process.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, aiming to produce more value for customers with fewer resources.
High Quality
A characteristic of products or services that meet or exceed customer expectations or industry standards.
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