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Graph the function.
Conversion Costs
The combined cost of direct labor and manufacturing overhead, reflecting the expenses to convert raw materials into finished products.
Equivalent Units
A concept used in process costing that converts partially completed goods into a number of fully completed units for accounting purposes.
Direct Materials
Raw materials that can be directly traced to the production of goods and are a significant part of the finished product.
Conversion Costs
Expenses in manufacturing that include both labor costs and overhead costs associated with converting raw materials into finished goods.
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