Standard Direct Materials Cost

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Definitions
Standard Direct Materials Cost
Standard Direct Materials Cost Standard Costing Direct Materials Manufacturing Costs Cost Control Budgeting Variance Analysis Accounting
In standard costing, the standard cost derived from the standard quantity of materials allowed for the production of a product and the standard direct materials price for the materials specified for that product.
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Definitions
Total Standard Production Cost
Total Standard Production Cost Standard Direct Materials Cost Standard Direct Labor Cost Standard Overhead Costs Fixed Overhead Cost Variable Overhead Cost Cost Accounting Standard Costing
A comprehensive look at the Total Standard Production Cost, including standard direct materials cost, standard direct labor cost, standard fixed overhead cost, and standard variable overhead cost.
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