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simmiie259 simmiie259
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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.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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brendasantsbrendasants
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A year ago
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simmiie259 Author
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A year ago
Good timing, thanks!
jodie1
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Yesterday
Correct Slight Smile TY
riptide
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2 hours ago
This site is awesome
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