What is meant by the term equivalent units?



Asked on

1 Answer | Add Yours

Top Answer

claramolee's profile pic

Posted on (Answer #1)

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.

We’ve answered 288,287 questions. We can answer yours, too.

Ask a question