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Other Fields Homework Help Accounting Topic started by: simmiie259 on Jan 22, 2023



Title: The difference in standard price and standard cost of direct material is that
Post by: simmiie259 on Jan 22, 2023
The difference in standard price and standard cost of direct material is that

▸ standard price is the amount paid to obtain one unit of material from a vendor; standard cost is the amount to produce one unit of product.

▸ standard price is the amount added to work in process as material is put into production; standard cost is the amount to produce one unit of product.

▸ standard price is the amount to produce one unit of product; standard cost is the amount paid to obtain one unit of material from a vendor.

▸ standard price is the amount to produce one unit of product; standard cost is the amount added to work in process as material is put into production.


Title: The difference in standard price and standard cost of direct material is that
Post by: brendasants on Jan 22, 2023
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