1) In accounting, the addition of direct labor, direct material, and allocated overhead assigned at an operation. It is the cost roll up as a part goes through a manufacturing process to finished inventory.
2) In current manufacturing terms , the actual increase of utility from the eyes of the customer as a part is transformed from raw material to finished inventory. It is the contribution made by an operation or a plant to the final usefulness and value of a product as seen by the customer. The objective is to eliminate all nonvalue-added activities in producing and providing a good or service.
variable electricity cost
variable materials cost
variance between inventory and ledger
variety of product
Wordsworth - Version2.6.0 (C)1999-2002 濱地 弘樹(HAMACHI Hiroki)