Question

write a short note on equivalent production​

Answer 1

Answer:

Meaning of Equivalent Production:

This represents the production of a process in terms of completed units. ... For example, if 70% work has been done on the average on 200 units still in process, then 200 such units will be equal to 140 completed units. The cost of work-in-progress will be equal to 140 completed units.

Answer 2

Answer:

Meaning of Equivalent Production:

This represents the production of a process in terms of completed units. ... For example, if 70% work has been done on the average on 200 units still in process, then 200 such units will be equal to 140 completed units. The cost of work-in-progress will be equal to 140 completed units.

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Explanation:

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