Complete the following chart by placing an "X" under the applicable column headings.Classify each cost as a fixed cost or a variable cost and as either a direct or indirect product cost or a period cost.
Definitions:
Workforce Utilization Review
A comparison of the proportion of employees in protected groups with the proportion that each group represents in the relevant labor market.
HR Planning Process
The strategic process of identifying current and future human resources needs for an organization to achieve its goals.
Statistical Models
Mathematical representations of observed data that allow for predictions and inferences about relationships among variables.
Forecasting Labor Demand
The process of estimating the future needs for employees based on the business's operations, strategy, and external market conditions.
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