Question 15 Not yet answered Marked out of 1.00 P Flag question This standard includes costs of receiving and storing. This standard includes allowances for unavoidable wastages and is expressed as a physical measure. This standard is based on wage rates after adjusting anticipated cost of living. This standard has importance in labour intensive companies and allowances are made for rest periods, machine set up etc. Identify the standard/s mentioned here. O a. Direct material price standards, direct material usage standards and direct labour hour standards O b. Direct material price standards and direct labour rate standards O c. Direct material price standards, direct material usage standards, direct labour hour standards and direct labour rate standards. O d. Direct material usage standards and direct labour hour standards