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Equivalent Units
A concept used in cost accounting to convert partially completed goods into a number of fully completed units for inventory and cost calculations.
Yield Measures
Refer to the various ways to calculate the return on an investment, often considering interest or dividends received.
Materials Output
The quantity of materials produced or used in the production process within a specific period.
Equivalent Units
A concept used in cost accounting to express the amount of materials, labor, or overhead costs in terms of fully completed units.
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