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Which of the following statements is true?
Personnel Costs
Expenses related to the compensation and benefits of employees, including wages, salaries, bonuses, and fringe benefits.
Volume-based Cost Driver
A factor that causes the cost of an activity or resource to increase, directly related to the volume of production or service delivery.
Indirect Manufacturing Costs
Expenses related to the production process that cannot be directly attributed to specific units of product, such as utilities, maintenance, and factory supervision.
Automation
The technology by which a process or procedure is performed with minimal human assistance.
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