Examlex
Name and describe one respected technique made popular by Six Sigma that allows managers to understand and measure quality improvements.
Step-down Method
An approach in accounting used to allocate indirect costs to relevant cost objects by sequentially distributing service departments' costs to production departments and other service departments.
Labor Hours
A measure of the amount of work output or effort, typically quantified in hours, provided by employees or workers.
Space Occupied
The area utilized by a business for its operations, including manufacturing, storage, and office space.
Step-down Method
A cost allocation method that sequentially assigns service department costs to other departments, including other service departments, based on specified criteria.
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