Question

The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units is:

a.Units completed
b.Units started and completed
c.Total units in production

Answer 1

The answer is EQUIVALENT UNITS (not included as an option).

Step-by-step explanation:

Equivalent units are the complete units that could have been produced or manufactured during a period of time given the amount of manufacturing inputs (materials, labor) used.

For example, we have 100 nits that are 40% completed in relation to direct labor and direct materials, we could say that we have 40 equivalent units.