The Standard Price Per Unit for Direct Materials Should Reflect

question 410

True/False

The standard price per unit for direct materials should reflect the final, delivered cost of the materials.

---

Definitions:

Cost Object

Anything for which a separate measurement of cost is desired, including products, services, projects, or customers.

Indirect Costs

Costs that cannot be traced directly to a cost object.

Cost Object

Anything for which a separate measurement of costs is desired, such as products, services, projects, customers, or activities.

Cost Object

Anything for which cost is measured and assigned, such as products, services, projects, or customers.