Cost accounts use equivalent-unit calculations to: A. budget for the future production capabilities of the company. B.

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Cost accounts use equivalent-unit calculations to:

A. budget for the future production capabilities of the company.

B. create a common measure to estimate the amount of work done on units in a month/year/time period.

C. convert the amount of completed units into the amount of partially completed output units that could be made with that amounty of input.

D. satisfy GAAP external financial reporting requirements which require partially completed goods to be reported in equivalent-units

Related Book For answer-question

Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Posted Date: Sep 22, 2020 05:16 PM

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Cost accounts use equivalent-unit calculations to: A. budget for the future production capabilities of the company. B.

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Ans B Equivalent units are a derived amount of output units t... View the full answer

Accounting

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