An equivalent unit of material or conversion cost is equal to:

Related MCQs

• In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
• ----------is the cost attribution to the cost unit on the basis of benefits received from indirect activities.
• In case of steam company, the cost per unit is calculated on the basis of---------
• Which of the following cost classification categories is almost identical to a relevant cost?
• Upstream cost, Down stream cost etc., are the concepts in---------------.
• ---------- cost is also known as hypothetical or notional cost.
• Which of the following is the best explanation of the relevance of equivalent production units in process costing?
• Composite unit is distinctive feature of-------
• Which of the following equations can be used to calculate a material price variance?
• Who is most likely to be held responsible for a material price variance?