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Refer to the table shown. The firm would definitely not hire:
Work in Process
Goods that are in various stages of the production process but are not yet completed.
Work in Process
Inventory items that are in the process of being produced but are not yet completed.
Underapplied Overhead
The situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to undercosted products.
Predetermined Overhead Rate
A calculation used in cost accounting to allocate overhead costs to products or job orders based on a set formula before the period begins.
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