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Rama and Krishna are incarnations of
Equivalent Units
A term used in cost accounting to represent a portion of the work done on incomplete units, expressed as the equivalent of a number of fully completed units.
Cost Per Equivalent Unit
A calculation used in process costing that averages the total costs over the number of units produced, considering partially completed units.
Process Cost Accounting
An accounting method used for homogenous products, distributing total costs over the units produced to calculate the cost per unit.
Direct Materials
Raw materials directly traceable to and integral in the production of a finished product, affecting the cost of goods sold (COGS).
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