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Welch Company budgeted the following cost standards for the current year: Direct materials = 1.40 kilograms per unit @ $1.50 per kilogram
Direct labour = 0.75 hours per unit @ $6 per hour
Actual production and costs were as follows:
Units produced = 2,800
Direct materials used = 4,500 kg.
Direct materials purchased = 5,000 kg. @ a cost of $5,850
Direct labour incurred = 2,000 hours at a cost of $13,000
The material efficiency variance was:
Genes
Basic units of heredity that are made up of DNA and determine specific characteristics by encoding proteins.
Hereditary Information
consists of the genetic data and characteristics passed from parents to offspring, determining various aspects of physical appearance and predispositions to certain health conditions.
Proteins
Large biomolecules and macromolecules composed of one or more long chains of amino acid residues, crucial for the structure, function, and regulation of the body's cells, tissues, and organs.
Genetic Code
The set of rules used by living cells to translate information encoded within genetic material into proteins.
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