Over the last century, direct labor costs have become relatively larger, and overhead costs have become relatively smaller, as a fraction of total production costs.

Name: Over the last century, direct labor costs have become relatively larger, and overhead costs have become relatively smaller, as a fraction of total production costs.
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Question

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Direct labor costs have decreased as automation and technology have increased, leading to a larger proportion of overhead costs in total production costs.

Over the Last Century, Direct Labor Costs Have Become Relatively