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Which of the following is not a principle of inheritance discovered by Mendel's garden pea experiments? 1.Each individual organism carries 2 copies of a gene in its normal state
2) Each individual organism randomly passes down one copy of each gene in its gametes (egg or sperm cell)
3) Each gene is inherited independently of the others and is a discrete entity
Labour Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard hourly rate.
Labour Rate Variance
The difference between the actual cost of labor and the expected (or standard) cost, based on the hours worked.
Direct Material Units
Refers to the physical units of raw materials that are directly traceable and integral to the finished product.
Standard Costing
A cost accounting method that assigns a fixed cost to inventory and measures any variances to actual costs.
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