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  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 26: Standard Costing and Variance Analysis
  5. Question
    The Direct Materials Price Standard Is a Carefully Derived Estimate
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The Direct Materials Price Standard Is a Carefully Derived Estimate

Question 108

Question 108

True/False

The direct materials price standard is a carefully derived estimate or projected amount of what a particular type of direct material will cost when purchased during the next accounting period.

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