Examlex
A ___________ is a foolproof device that prevents defects from occurring.
Equivalent Units
A measure used in the costing of products in process, which converts partially completed goods into an equivalent number of fully completed units.
Weighted-average
A mathematical calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning more weight to some numbers than others.
Conversion
The process of changing or converting resources into finished goods or services.
Equivalent Units
A concept used in cost accounting to convert the amount of work done on partially finished goods into the number of fully finished units.
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