Examlex
Which of the following is a key point relating to outcomes research?
Standard Materials Price
The predetermined cost per unit of material that is used for budgeting and cost control purposes in manufacturing.
Direct Materials
Raw materials that are directly incorporated into a finished product and are a significant part of the manufacturing process.
Standard Materials Price
The price set for budgeting purposes for materials in manufacturing, often used in variance analysis.
Standard Materials Price
The pre-determined cost assigned to materials used in production, for budgeting and variance analysis purposes.
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