An Improvement Tool That Utilizes Cross-Functional Teams to Plan and Deliver

question 62

True/False

An improvement tool that utilizes cross-functional teams to plan and deliver improvements to specific processes during two- or three-day marathon sessions is called a kanban blitz.

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Definitions:

Process Costing

A costing method used where similar products are produced in a continuous process, assigning average costs to each unit.

Job Order Costing

An accounting methodology used to track the expenses of creating a specific product or providing specific services and assign those costs to the products or services.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, representing the costs to convert raw materials into finished products.

Direct Labor

The labor costs that are directly traceable to the production of specific goods or services, representing the cost of workers who physically convert materials into finished products.