What is the term for the number of completed units that is equal,in terms of production inputs,to a given number of partially completed units?
A)units completed
B)equivalent units
C)units started and completed
D)total units in production

Question

Quizplus · Accepted Answer

Equivalent units are a concept in cost accounting used to express the amount of work done on partially completed units in terms of fully completed units. This allows for a consistent way to measure and compare the amount of production inputs (like materials, labor, and overhead) used across different stages of the production process.

What Is the Term for the Number of Completed Units