In process costing, the same equivalent units figure is used for both materials and conversion costs.

Name: In process costing, the same equivalent units figure is used for both materials and conversion costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In process costing, equivalent units for materials and conversion costs are often calculated separately because materials may be added at different stages of production, while conversion costs (labor and overhead) are incurred throughout the process.

In Process Costing, the Same Equivalent Units Figure Is Used