Examlex
Translate the following into standard form A, E, I, or O sentences:
A: All S are P (universal affirmation)
E: No S are P (universal negation)
I: Some S are P (particular affirmation)
O: Some S are not P (particular negation)
-Ostriches cannot fly.
Actual Materials Price
The real cost incurred to acquire materials used in the production process, as opposed to the budgeted or standard cost.
Standard Price
A predetermined cost assigned to materials, used for budgeting and variance analysis.
Standard Direct Materials
The predetermined cost and quantity of raw materials required for the production of a unit of product under normal conditions.
Actual Materials Price
The price actually paid for raw materials used in the production process, which can be compared to the standard or budgeted cost to assess efficiency.
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