Use the Information Below to Answer the Following Questions

question 39

Multiple Choice

Use the information below to answer the following questions:
The Weighted Average method is used for process costing at Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

-What is the cost per equivalent unit for direct materials at Davide Corporation?

• A) $2.97
• B) $3.04
• C) $3.33
• D) $2.80

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, recognized as an expense in the income statement over the period the funds are borrowed.

Unearned Revenue

Money received by a company for services or products which have not yet been delivered or performed.

Advance Subscription Sales

Revenue received from customers for subscriptions that are paid for before the subscription period begins.

Quarterly Journals

Publications that release issues on a quarterly basis, often academic or professional in nature, covering specific field subjects.