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    Principles of Accounting Study Set 1
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    Exam 24: Standard Costing and Variance Analysis
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    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 58

Question 58

True/False

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

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