_______________ represents 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 represent the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units. It takes into account the percentage of completion of the partially completed units in terms of direct material, conversion costs, and overhead costs.

_______________ Represents the Number of Completed Units That Is Equal