Examlex
A company becomes lean by ________ its capacity to produce high-quality goods, while ________ its need for resources.
Activity Levels
Various stages of business operations ranging from high to low, impacting costs and revenues.
Activity-Based Costing (ABC)
A costing method that assigns overhead and indirect costs to related products and services based on the activities that drive those costs.
Overhead Rates
The method used to allocate indirect costs to produced goods, often calculated as a ratio of overhead to direct labor hours, direct labor costs, or machine hours.
Contact Hours
The actual hours spent in direct contact between teachers and students or professionals in a specified context.
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