Use the Following Information for the Next 2 Questions

question 49

Multiple Choice

Use the following information for the next 2 questions.
Gholson, Inc. employs a process costing system in which direct materials are added at the beginning of the process. Direct material costs from the prior period for beginning work in process are $1,250. The current period's direct material costs total $31,500. The company began the period with 500 units, 70% complete, started 10,500 units, and finished the period with 1,000 units, 40% complete.
-Using the weighted average method, the direct material cost per equivalent unit for the period is

• A) $3.00
• B) $2.98
• C) $3.20
• D) $2.55

Describe the differences between replication and transcription processes in terms of DNA strand usage.

Grasp the concept of mutations and DNA repair mechanisms.

Identify the types of cells where mutations can be passed to offspring.

Recognize the processes involved in DNA replication.

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Definitions:

Marginal Costs

The additional cost incurred to produce an extra unit of a product or service.

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.