Which of the following Lewis structures is correct?
Definitions:
Job-Order Costing
An accounting practice that tracks the costs associated with a specific job or batch of goods, capturing direct labor, materials, and overhead.
Predetermined Overhead Rate
A rate calculated at the start of an accounting period to allocate overhead costs to products or services produced.
Machine-Hours
The total time that machinery is operating and engaged in production activities during a specified period.
Job T687
A specific job or project identifier used within a job costing system to track costs and progress.
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