Lean Operating Systems Seek to Apply the Principles of Continuous

question 84

True/False

Lean operating systems seek to apply the principles of continuous flow to the production of discrete parts by reducing batch size, ideally to a size of one.

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Definitions:

Process Costing System

An accounting system used to calculate the cost of a product at various stages of production, commonly used in industries that produce homogeneous goods.

First Processing Department

The initial stage of the manufacturing process where raw materials start to be transformed into a product.

Conversion Costs

Conversion Costs are the combined costs of labor and overhead required to transform raw materials into finished products.

Forming Department

A specific section within a manufacturing facility where raw materials are shaped or formed into parts for products.