What factors should be considered in setting
(a) The direct materials price standard and
(b) The direct materials quantity standard?

Question

What factors should be considered in setting (a) The direct materials price standard and (b) The direct materials quantity standard?

David · Accepted Answer

While setting standard for the materials the following points 
should be considered.
 material quantity standard  
1) the quantity should be measurable in definite terms . 
eg: kg, lts ,

What factors should be considered in setting (a) The direct materials price standard and (b) The direct materials quantity standard?

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