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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 are the total equivalent units for direct materials at Davide Corporation?
Opportunity Cost
The expense associated with missing out on the second-best option when a choice is made.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue is available to cover fixed costs and generate profit.
Variable Cost
Costs that change in proportion to the level of activity or volume of production, such as materials and labor.
Cost of Goods Sold
The total cost directly associated with producing the goods sold by a business during a specific period, including labor, materials, and manufacturing overhead.
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