Equivalent units represent the production of a process in terms of…..units.

Related MCQs

• When 1000 units are 60% complete in a process, it is equivalent to ……………completed units.
• The cost of......................process loss is absorbed in the cost of production of good units.
• Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• In inter process profits, the output of one process is transferred from one process to another not at …………….but at ……………….
• Cost accounting records both monetary and.......................units.
• In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
• …..arises where the actual process loss is less than the normal predetermined process loss.
• An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is................. kg
• Which ratio is calculated to ascertain the efficiency of inventory management in terms of capital investment?