Examlex
The dominant model of personal values that is used today was developed and tested by
Equivalent Units
The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units are the number of complete whole units that could be obtained from the materials and effort contained in partially completed units.
Process Costing
A costing method used when homogeneous products are produced on a continuous basis.
Job-order Costing
A cost accounting system used to assign manufacturing costs to an individual product or batches of products, typically used in custom or varied production.
Homogeneous Product
A product that is uniform in quality and indistinguishable from other products of the same type.
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