The Bach Company Provides the Following Standard and Actual Costs

question 126

Multiple Choice

The Bach Company provides the following standard and actual costs relating to material price and labor usage. $$\begin{array} { l c c } \text { Item to Classify } & \text { Standard } & \text { Actual } \\\text { Material Price } & 8.50 \text { per gallon } & 8.35 \text { per gallon } \\\text { Luabor Usage } & 30,000 \text { hours } & 28,500 \text { per hour }\end{array}$$ Based on the above information,which statement is correct?

• A) Both the material price variance and the labor usage variance are unfavorable.
• B) Both the materials price variance and the labor usage variance are favorable.
• C) The labor usage variance is unfavorable.
• D) The materials price variance is unfavorable.

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Definitions:

General Transcriptional Machinery

A complex of proteins and enzymes in cells necessary for the transcription of DNA into RNA, involving various transcription factors and RNA polymerase.

Regulatory Proteins

Proteins that control the expression of genes, the activity of enzymes, and the flow of signals in cells, maintaining homeostasis and coordinating biological processes.

Promoter

A region of DNA that initiates transcription of a particular gene, responsible for the regulation of gene expression.

Repressible Genes

Genes whose expression is decreased or stopped in response to the presence of a specific molecule, usually an end product of a metabolic pathway.