standard material price

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• standard purchase price — A predetermined price set for each commodity of direct material for a specified period. These prices are compared with the actual prices paid during the period in order to establish direct materials price variances in a system of standard costing …   Accounting dictionary

• standard purchase price — A predetermined price set for each commodity of direct material for a specified period. These prices are compared with the actual prices paid during the period in order to establish direct materials price variances in a system of standard costing …   Big dictionary of business and management

• Direct material price variance — In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material used or purchased. It is one of the two components (the other is direct material… …   Wikipedia

• Material Girl (TV series) — Material Girl Genre Romantic comedy Written by Joshua St.Johnston Colin Bytheway Ben Ockrent Imogen Edwards Jones Jess Williams Starring Lenora Crichlow Dervla Kirwan Michael Landes …   Wikipedia

• Standard Works — Quadruple Combination format of the Standard Works The Standard Works of The Church of Jesus Christ of Latter day Saints (LDS Church) are the four books that currently constitute its open scriptural canon. The Holy Bible (King James version) …   Wikipedia

• standard direct materials price — In standard costing, a predetermined price for direct materials used for establishing standard direct materials costs in order to provide a basis for comparison with the actual direct material prices paid …   Accounting dictionary

• standard direct materials price — In standard costing, a predetermined price for direct materials used for establishing standard direct materials costs in order to provide a basis for comparison with the actual direct material prices paid …   Big dictionary of business and management

• standard of living — a grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual: The well educated generally have a high standard of living. Also called living standard. [1900 05] * * * Level of material comfort that an… …   Universalium

• direct materials price variance — In a standard costing system, a variance arising as part of the direct materials total cost variance. There are two alternative points at which the materials price variance may be established: when the material is purchased or when it is issued… …   Accounting dictionary

• Direct material usage variance — In variance analysis (accounting) direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of units actually produced, and the actual quantity of… …   Wikipedia

• Direct material total variance — In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material. Direct material total variance can be divided into two… …   Wikipedia