Examlex
TQM is __________, designed to build quality into the product and process design.
Finished Goods
Finished goods are completed products ready for sale, having passed through all stages of production and manufacturing.
Direct Labor Cost
The expense associated with labor directly involved in the production process of goods or services, distinguishing from indirect labor costs like maintenance personnel.
Materials Used
The quantity and cost of raw materials consumed in the production process, including both direct and indirect materials.
Manufacturing Overhead Account
An accounting term that aggregates all indirect costs associated with manufacturing a product.
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