The number of whole units that could have been completed during a period,using the production costs incurred during that period is called:
A)Standard production.
B)Equivalent production.
C)Total units.
D)Manufactured units.

Question

Quizplus · Accepted Answer

Equivalent production takes into account the partially completed units at the end of the period and calculates the number of whole units that could have been completed with the costs incurred, making it the best option. Standard production refers to the expected amount of completed units, total units and manufactured units are not as accurate as they do not account for partially completed units.

The Number of Whole Units That Could Have Been Completed