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N. K. Gupta posted an Question
September 17, 2021 • 17:52 pm
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30 points
- UGC NET
- Commerce
What is the kean of equivalent production and equevalent production cost explain
what is the kean of equivalent production and equevalent production cost explain
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Rucha rajesh shingvekar![best-answer]()
Equivalent Production represents the production of a process in terms of completed units. At the end Of any given period there are likely to be partly completed units (work-in-process). ... The number of equivalent units is the number of equivalent fully complete units which the partly completed units represent. An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.