Examlex
Define the four product categories used in the Boston Consulting Group (BCG) product-portfolio analysis.
Time Ticket
A record documenting the amount of time an employee or worker spends on various tasks or jobs, used for billing or payroll purposes.
Hours Worked
The total number of hours spent by employees completing their job duties during a specific time frame.
Direct Labor Costs
Expenses associated with the wages of employees who are directly involved in the production process of goods or services.
Indirect Labor Costs
Costs associated with employees who do not directly work on a product, but whose services are necessary for the production process.
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