In the Current Period, Forward Co

question 133

Multiple Choice

In the current period, Forward Co.started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete.
-If Forward Co.incurred production costs of $34,980, what was Forward's cost per equivalent unit for the period? (Note: Round your answer to two decimal places.)

• A) $2.51
• B) $3.00
• C) $2.75
• D) $3.25

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Definitions:

Variance

A statistical measurement of the dispersion of a set of values, indicating how much the numbers in the set deviate from the mean or average of the set.

Deviations

Statistical variances or differences from a central value, such as the mean, indicating how spread out data points are.

Mean

A statistical measure of central tendency, commonly understood as the average value of a set of numbers.

Expected Return

The anticipated amount of gain or loss that an investor can expect from an investment, based on historical or projected returns.