Creative Furniture Inc. is setting standard costs for one of its products. Under normal operating...
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Creative Furniture Inc. is setting standard costs for one of its products. Under normal operating conditions, woods are purchased at $6.70 per sq. yard and 2.5 sq. yards of woods are used to produce each office table. They plan to produce 1,000 custom tables during the next quarter. Which of the following is an example of a direct material price standard?
A) $6,700
B) $6.70 per sq. yard
C) $16.75 per office table
D) 2.5 sq. yards
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