Equivalent units of production must be calculated before the unit production costs can be computed.

Name: Equivalent units of production must be calculated before the unit production costs can be computed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true because equivalent units of production represent a combination of completed units and partially completed units, and they are used to allocate the costs in the production process. Therefore, they need to be calculated first before the unit production costs can be determined.

Equivalent Units of Production Must Be Calculated Before the Unit