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Session Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on the following data: Recently,Job K913 was completed with the following characteristics:
The total job cost for Job K913 is closest to:
Forecasted
Refers to the estimated or predicted outcomes in the future based on current and historical data.
HR Forecasting
The process of estimating the future human resources requirements of an organization, based on its business goals, projected retirements, turnovers, and market factors.
Human Capital
The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.
Projection
The act of estimating or forecasting future conditions, trends, needs, or values based on current data or trends.
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