Asked by Destiny Marsh on Jun 03, 2024

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Equivalent units of production are always the same as the total number of physical units finished during the period.

Equivalent Units

A concept in cost accounting used to express the amount of work done by incomplete units of production in terms of fully completed units.

Physical Units

A quantifiable measurement of products or goods that doesn't consider value or weight, used in inventory and production.

  • Ascertain the idea of equivalent units of production and how their computations are performed.
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????? ??????Jun 07, 2024
Final Answer :
False
Explanation :
Equivalent units of production refer to the number of completed units that could have been produced using the total amount of input (such as materials or labor) that was put into partially completed units during a period. Therefore, equivalent units of production may be less than or greater than the total number of physical units finished during the period.