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Conversion cost per unit equals $6.00. Total materials costs equal $80,000. Equivalent units for materials are 20,000. How much is the total manufacturing cost per unit?
Independent Variable
A variable that is manipulated or categorized to observe its effect on a dependent variable in experimental research.
Interaction Effect
In statistics, a circumstance where the effect of one independent variable on a dependent variable is different at different levels of another independent variable.
Main Effect
The immediate effect that an independent variable has on a dependent variable within an experimental framework.
Simple Effect
Analysis within ANOVA that looks at the effect of one factor at a specific level of another factor, useful in interactions.
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