_________

question 80

Multiple Choice

_________.

• A)availability
• B)product familiarity
• C)pre-or post-sale services
• D)name recognition
• E)adaptability

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Definitions:

Personnel Expenses

The costs associated with employing staff, including wages, salaries, benefits, and taxes.

Direct Labor

The wages of employees directly involved in the production of goods or services, considered a variable cost.

Activity Level

Activity level refers to the volume of production or operations in a business. It is a determinant in both variable costing and activity-based costing, impacting how costs are allocated and managed.

Spending Variance

The difference between the budgeted amount of expenses and the actual amount spent.