Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
simmiie259 simmiie259
wrote...
Posts: 128
Rep: 0 0
A year ago
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.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
brendasantsbrendasants
wrote...
Posts: 117
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

simmiie259 Author
wrote...

A year ago
This site is awesome
wrote...

Yesterday
Thanks
ky
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  934 People Browsing
Related Images
  
 18
  
 481
  
 323
Your Opinion
Who's your favorite biologist?
Votes: 585