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The standard price and quantity of direct materials are separated for which reason? A)GAAP and IFRS reporting standards require separation. B)Direct materials prices are controlled
The standard price and quantity of direct materials are separated for which reason?
A)GAAP and IFRS reporting standards require separation.
B)Direct materials prices are controlled by the purchasing department, and quantity used is controlled by the production department.
C)Standard prices are more difficult to estimate than are standard quantities.
D)Standard quantities change more frequently than do standard prices.
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