Standard Quantity Allowed Definition
Standard Quantity Allowed Definition:
The amount of materials that should have been used to complete the period’s output as computed by multiplying the actual number of units produced by the standard quantity per unit.
Other Related Accounting Articles:
- Standard Hours Allowed Definition
- Materials Quantity Variance Definition
- Standard Cost Per Unit Definition
- Standard Quantity Per Unit Definition
- Direct Material Usage Variance
- Direct Material Price Variance
- Sales Quantity Variance
- Labor Efficiency Variance Definition
- Sales Price Variance
- Volume Variance Definition
Or
Download E accounting book in MS-word format for just 20 $ - Click here to Download