When Recording Variances in a Standard Cost System

question 71

Multiple Choice

When recording variances in a standard cost system:

• A) Only unfavorable material variances are debited.
• B) Only unfavorable material variances are credited.
• C) Both unfavorable material and labor variances are credited.
• D) All unfavorable variances are debited.
• E) All unfavorable variances are credited.

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Definitions:

Single Gene

Refers to a trait or condition determined by a single gene in an organism's genome.

DNA

Deoxyribonucleic acid, the self-replicating material present in nearly all living organisms, serving as the carrier of genetic information.

Base Pairs

The pairs of nucleotides (adenine with thymine, and cytosine with guanine) that form the rungs of the DNA double helix, essential for coding genetic information.

DNA Molecule

A DNA molecule is a complex, double-helical structure carrying the genetic information necessary for an organism's growth, development, functioning, and reproduction.