Materials Price

The price of the raw materials that go into a product. The material price of a product excludes any indirect costs, for example, overhead or wages, associated with producing the item.

Direct Materials Price and Quantity Standards

Abida Rehman Costing, Varience Analaysis

Direct Materials Price and Quantity Standards: Learning Objective of the articles: Define and explain direct materials price standards and direct materials quantity standards. Explain how direct materials price and quantity standards are set? Contents: Direct Materials Price Standards Direct Materials Quantity Standards Example of