Describe how companies set standards

Describe how companies set standards - receiving and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Describe how companies set standards. The direct materials price standard should be based on the delivered cost of raw materials plus an allowance for
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: receiving and handling. The direct materials quantity standard should establish the required quantity plus an allowance for waste and spoilage....
View Full Document

This note was uploaded on 12/26/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

Ask a homework question - tutors are online