Examlex
When Peter Loscher took over as CEO at Siemens in 2007, he lacked internal connections. He used formal bases of power to bring about organizational change and increase a customer orientation.
Direct Labor-Hours
All the hours contributed by workers directly participating in creating products.
Activity Cost Pools
Aggregations of overhead costs attributed to distinct activities, used in activity-based costing to assign costs more precisely to products or services.
Activity-Based Costing
An accounting method that assigns costs to products or services based on the activities and resources that go into producing them.
Direct Materials Cost
The cost of raw materials and components that are directly traceable to the production of goods.
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