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If the costs for direct materials, direct labor, and factory overhead were $277,300, $52,600, and $61,000, respectively, for 14,000 equivalent units of production, the total conversion cost was $390,900.
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Collectivism
Emphasizing values that serve the group by subordinating personal goals to preserve group integrity, interdependence of members, and harmonious relationships.
Group Integrity
The cohesion and unity within a group, often referring to the members' sense of belonging and mutual support within the collective.
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