Equivalent units represent the amount of work actually accomplished, expressed as the number of units that could have been fully completed.

Name: Equivalent units represent the amount of work actually accomplished, expressed as the number of units that could have been fully completed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Equivalent units are used in cost accounting to express the amount of work done on partially completed goods in terms of fully completed units, allowing for a consistent way to measure and assign costs to products.

Equivalent Units Represent the Amount of Work Actually Accomplished, Expressed