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What are the three different online business models that newspapers have employed from 1995-2016?
Conversion Costs
The total cost of direct labor and overhead incurred in the process of converting raw materials into finished goods.
Equivalent Units
A concept used in process costing that converts partially completed units into a number of fully completed units.
Conversion Costs
The combined costs of direct labor and manufacturing overhead, representing the expenses incurred in converting raw materials into finished products.
Processing Department
A specific department within a factory where a particular stage of production is carried out, such as assembly or painting.
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