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Name the three possible outcomes or consequences (at the DNA level) of a site-specific recombination event. For each of these, explain concisely (in one sentence) how the relative location and orientation of the recombination sites determines the outcome of the recombination event. Do not describe specific examples of site-specific recombination systems.
Favourable Variance
A financial term referring to a situation where actual costs are less than budgeted costs, or actual revenues exceed budgeted revenues.
Variable Overhead Efficiency Variance
A measure of the difference between the expected variable overhead based on standard costs and the actual variable overhead incurred.
Flexible Budget
A report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.
Manufacturing Overhead
The sum of all costs involved in the production process other than direct materials and labor, such as utilities and rent for the manufacturing facilities.
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