Examlex
Fill in the metric equivalents in the blanks as indicated.
Conversion Cost
Direct labor cost plus manufacturing overhead cost.
Equivalent Unit
A measure used in cost accounting to express the amount of work done on a product in terms of fully completed units.
Weighted-Average Method
A process costing method that calculates unit costs by combining costs and outputs from the current and prior periods.
Percentage Completion
A measure used in accounting and project management to indicate the progress of projects or production, based on the completion percentage of the total work.
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