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Which of the following statements is true regarding the budgeted cost for direct materials? a. It can not be determined if a company uses a

Which of the following statements is true regarding the budgeted cost for direct materials?

a. It can not be determined if a company uses a just-in-time inventory system.

b. It must be determined after materials are purchased for the year.

c. It would consist of two components - a standard quantity and a standard price.

d. It would be used on a static budget but not a flexible budget.

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