Examlex
Why is the workforce considered such an important element of lean production?
Direct Labor-Hours
The total hours worked directly on a manufacturing process or project.
Traditional Costing
An accounting method that allocates manufacturing overhead costs to products based on the volume of production resources consumed.
Direct Labor-Hours
A measure of the work done by employees directly involved in the manufacturing process, counted in hours.
Activity Cost Pools
A grouping of all costs associated with a specific activity, used in activity-based costing to more accurately allocate overhead costs.
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