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Answer the following questions. 1. What is the purpose of equivalent units? How do they differ from good units? 2. Explain the use of a

Answer the following questions.

1. What is the purpose of equivalent units? How do they differ from good units?

2. Explain the use of a quantity schedule. Who gives us the information regarding the percentage of units completed in a department?

3. How do applied factory overhead rates differ from applied factory overhead itself?

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