ABC Cost Accounting

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Issue:

Business

 

Written by:

Roger F

 

Date added:

April 14, 2011

 

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Grade:

A

 

No of pages / words:

2 / 289

 

Was viewed:

4761 times

 

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Essay content:

They cllversified their product line quickly adapting the manufacturing- skills utilized in brass valve production and began producing brass pumps and flow controllers. sement saw it imperative to innovate and capture market share in the manufacturllle; Vl VVa<", p~' , ..__timl components; so they invested in an engineering department tasked with research and development of new products...
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They adopted a just-in-time delivery system, processing, packaging and shipping products upon completion. Just-in-time (JIT) production, which is also called lean production, is a "demand-pull' manufacturing system that manufactures each component in a production line as soon as, and only when, needed by the next step in the production linel • In this manufacturing process, the close coordination of the work stations ease the flow of production by reducing inventory and wastage, decreasing set-up time, and meeting customer demand without inflating overhead costs...
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