Equivalent Units Are Calculated by

question 29

Multiple Choice

Equivalent units are calculated by

• A) multiplying the percentage of work done by the equivalent units of output.
• B) dividing physical units by the percentage of work done.
• C) multiplying the percentage of work done by the physical units.
• D) dividing equivalent units by the percentage of work done.

---

Definitions:

Marginal Tax Rate

The proportion of your earnings that is taxed according to the tax bracket(s) for which you are eligible.

Straight-Line Depreciation

A method of calculating the depreciation of an asset that allocates an equal amount of depreciation each year over the asset's useful life.

Cash Expenses

Outlays of cash during a given period for direct charges such as wages, rent, and utilities.