The cost per equivalent unit used in process costing is the average of fixed and variable costs.

Name: The cost per equivalent unit used in process costing is the average of fixed and variable costs.
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The cost per equivalent unit used in process costing is calculated by adding up the total costs (both fixed and variable) and dividing by the total equivalent units. It is not an average of fixed and variable costs.

The Cost Per Equivalent Unit Used in Process Costing Is