costs of production
21production management — or operations management Planning, implementation, and control of industrial production processes to ensure smooth and efficient operation. Production management techniques are used in both manufacturing and service industries. Production… …
22production — noun 1 (U) the process of making or growing things to be sold as products, or the amount that is produced: The production of consumer goods has increased throughout the world. | Smoking is banned in the factory s production areas. | production… …
23Production-control summary — ▪ Table Production control summary processes inventory inspection costs observation measuring rate of output; recording idle time or downtime recording stock levels inspecting materials and parts collecting cost data analysis comparing progress… …
24production — noun 1 making/growing sth ADJECTIVE ▪ full, full scale ▪ The machine will go into full production in November 2002. ▪ large scale, mass, volume ▪ …
25production — pro|duc|tion W1S1 [prəˈdʌkʃən] n 1.) [U] the process of making or growing things to be sold, especially in large quantities →↑produce, product ↑product production of ▪ the production of consumer goods food/oil/milk etc production ▪ agricultural… …
26production — pro|duc|tion [ prə dʌkʃən ] noun *** 1. ) uncount the process of making or growing things in large quantities, especially in a factory or on a farm, so that they can be sold: improvements in energy production and distribution production of: the… …
27production cost — total cost of production The total of all the costs incurred in producing a product or cost unit. In a manufacturing account the production cost is represented by the total of the prime costs and the manufacturing overhead. See: cost of goods… …
28production cost — total cost of production The total of all the costs incurred in producing a product or cost unit In a manufacturing account the production cost is represented by the total of the direct costs and the manufacturing overhead See cost of goods… …
29production */*/*/ — UK [prəˈdʌkʃ(ə)n] / US [prəˈdʌkʃən] noun Word forms production : singular production plural productions 1) [uncountable] the process of making or growing things in large quantities, especially in a factory or on a farm, so that they can be sold… …
30Production Volume Variance — The amount of fixed overhead costs that are not allocated to a product because actual production varies from budgeted production. Also known as fixed overhead volume variance. Mathematically, production volume variance is expressed as: (Actual… …
