Asked by Bunmi Olaniyi on May 12, 2024
Verified
Measures the quantity of output of production relative to the inputs
A) Cost of production report
B) Equivalent units of production
C) Manufacturing cells
D) Yield
E) Lean manufacturing
Yield
A measure of materials usage efficiency.
Equivalent Units
A concept used in process costing that converts partially completed units into a number of fully completed output units.
Manufacturing Cells
A layout design in manufacturing where machines and workers are grouped together to produce a specific product or component.
- Understand the purpose and technique for calculating equivalent production units in process costing.
Verified Answer
VG
Vat's GandhiMay 17, 2024
Final Answer :
D
Explanation :
Yield measures the quantity of output of production relative to the inputs. None of the other choices describe this term.
Learning Objectives
- Understand the purpose and technique for calculating equivalent production units in process costing.
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