Write a short note on Equivalent Production-00141
This subjective question is related to the book/course
vu bt301 Introduction to Biotechnology.
It can also be found in
vu bt301 Mid Term Solved Past Paper No. 1.
Question 1: Write a short note on Equivalent Production.
Answer:
Equivalent Production is a very important part of cost of production report. We prepare it in process costing system. It is the number of partially completed units considered to be equivalent to a greater number of fully completed units. This is used to calculate per unit cost.
