How do many management accountants measure waste in the organization?

Question

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Many management accountants measure waste in the organization by determining waiting time. This is because waiting time indicates a delay in the production process, which can lead to inefficiencies and waste. By identifying and addressing the causes of waiting time, management accountants can improve the overall efficiency and productivity of the organization. Determining direct materials, direct labor, or manufacturing overhead can provide other types of data that can be useful for measuring waste, but waiting time is often considered the most important factor.

How Do Many Management Accountants Measure Waste in the Organization