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Use the following to answer questions : Use the following to answer questions :   -(Table: Dexter's Employment Statistics) Look at the table Dexter's Employment Statistics. Use these data to complete the following computations. a. What is the size of the labor force? b. What is the labor force participation rate?
-(Table: Dexter's Employment Statistics) Look at the table Dexter's Employment Statistics. Use these data to complete the following computations.
a. What is the size of the labor force?
b. What is the labor force participation rate?

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Definitions:

Underapplied

A situation where the allocated indirect costs are less than the actual indirect costs incurred.

Overapplied

A situation where the overhead costs applied to products or services exceed the actual overhead costs incurred.

Adjusted Cost of Goods Sold

The cost of goods sold after adjustments for changes in inventory levels and other factors affecting cost of goods sold.

Year

A period of 365 or 366 days, in the Gregorian Calendar, divided into 12 months, used for calculating time.

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