Examlex
The transportation simplex method is limited to minimization problems.
Direct Materials
Raw materials that can be directly attributed to the manufacturing process of a product.
Direct Labor
The wages or salaries paid to workers who are directly involved in the production of goods or services.
Indirect Materials
Materials used in the production process but not directly traceable to a specific product.
Work In Process
An inventory category that refers to partially completed goods that are still in production.
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