When standard costs are used in a process-costing system, how, if at all, are equivalent units involved
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When standard costs are used in a process-costing system, how, if at all, are equivalent units involved or used in the cost of production report at standard? mp8 a Equivalent units are not used.
b Equivalent units are computed using a ‘‘special’’ approach. ¢ The actual equivalent units are multiplied by the standard cost per unit. d The standard equivalent units are multiplied by the actual cost per unit.
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Related Book For
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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