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A predetermined motion time system (PMTS) is frequently used to perform labor minute costing in order to set piece-rates, wage-rates or incentives in labor oriented industries by quantifying the amount of time required to perform specific tasks under defined conditions. Today the PMTS is mainly used in work measurement for shorter cycles in ...
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Standard Costing is a technique of Cost Accounting to compare the actual costs with standard costs (that are pre-defined) with the help of Variance Analysis. It is used to understand the variations of product costs in manufacturing. [6] Standard costing allocates fixed costs incurred in an accounting period to the goods produced during that period.
Unlike bespoke garments, which traditionally involves hand sewing, made-to-measure manufacturers use both machine- and hand-sewing. Made-to-measure also requires fewer fittings than bespoke, resulting in a shorter wait between customer measurement and garment delivery. [2] Made-to-measure is sometimes also referred to as personal tailoring. [3]
Clothing factory in Montreal, Quebec, 1941. Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments, starting with the textile industry (producers of cotton, wool, fur, and synthetic fibre), embellishment using embroidery, via the fashion industry to apparel retailers up to trade with second-hand clothes and ...
Edward VI in a red fur-lined gown with split hanging sleeves, a men's fashion of the mid-16th century. Despite the constant introduction of new terms by fashion designers, clothing manufacturers, and marketers, the names for several basic garment classes in English are very stable over time.
It anticipates reporting its full third-quarter financial results by Dec. 11. “At Macy’s Inc., we promote a culture of ethical conduct," Chairman and CEO Tony Spring said in a statement.
Grenzplankostenrechnung (GPK) is a German costing methodology, developed in the late 1940s and 1950s, designed to provide a consistent and accurate application of how managerial costs are calculated and assigned to a product or service.