Listed below are a number of common manufacturing costs.For each cost,state whether the cost would be considered a direct (D)or indirect (I)cost in a traditional manufacturing environment and in a JIT manufacturing environment.
Definitions:
U.S. Newspapers
Print or digital publications in the United States that provide news, analysis, opinion, and features on a variety of topics.
Money Supply
The complete aggregation of monetary assets within an economy at a particular point, including cash, coins, and the funds in checking and savings accounts.
Velocity
The rate at which money circulates within an economy, often measured as the ratio of nominal GDP to the money supply.
Price Level
An index that measures the average relative level of prices of goods and services in an economy over a period of time.
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