Examlex
Which of the following terms belong together?
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.
Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product and are a component of the total manufacturing cost.
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