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What is meant by the term equivalent units?

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linnie4352 | Student, Undergraduate | (Level 1) Salutatorian

Posted January 21, 2011 at 7:21 AM via web

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What is meant by the term equivalent units?

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claramolee | (Level 3) eNoter

Posted January 23, 2011 at 3:07 PM (Answer #1)

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Number of units of an item that could have been produced with the given material and processing costs in an accounting period. This measure is used as a benchmark in allocating departmental costs.

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