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1.Explain the notion of equivalent units of production (EUP). Why is it necessary to use EUP in process costing? 2.Explain why the EUP for direct

1.Explain the notion of equivalent units of production (EUP). Why is it necessary to use EUP in process costing?

2.Explain why the EUP for direct labor & overhead can either be the same as or different from the EUP for direct materials.

Please explain to me each question,

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