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Reliable Manufacturers had no units in process at the beginning of the year. During the current year, 140,000 units were started. There were 15,000 units in work-in-process at the end of the year. These units were 40% complete. If total production costs for the year were $393,000 what should be the cost per equivalent unit?
Penalties
Sanctions or fines imposed for violating laws or regulations.
Wage Increase
An upward adjustment in employees' salaries or wages, often achieved through negotiation or as a response to inflation.
Authorization Card
A document signed by employees to indicate their support for a union to represent them in collective bargaining with their employer.
Collective Bargaining
Negotiations between an employer and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.
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