If a Company Has 6,000 Units That Are 60% Complete

question 164

True/False

If a company has 6,000 units that are 60% complete, the equivalent unit figure is 3,600.

---

Definitions:

Selling Prices

The amount a customer pays to purchase a product or service from a seller.

Variable Costs

Expenses that vary with the amount of output or sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.