Question: 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

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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