Concord Company developed the following standard costs for its product for $2022$:

$\backslash$table$[[\backslash$table$[[$CONCORDCOMPANY$],[$Standard Cost$]]],[$Cost Components,Standard Quantity,$x,$Standard Price,$=,$Standard Cos$],[$Direct materials,$4$ pounds,,$$5,,$$$20$

Concord Company developed the following standard costs for its product for $2022$ :

$\backslash$table$[[\backslash$table$[[$CONCORDCOMPANY$],[$Standard Cost$]]],[$Cost Components,Standard Quantity,$x,$Standard Price,$=,$Standard Cost$],[$Direct materials,$4$ pounds,,$$5,,$$$20$