The difference in standard price and standard cost of direct material is that
A) standard price is the amount to produce one unit of product; standard cost is the amount paid to obtain one unit of material from a vendor.
B) standard price is the amount paid to obtain one unit of material from a vendor; standard cost is the amount to produce one unit of product.
C) standard price is the amount added to work in process as material is put into production; standard cost is the amount to produce one unit of product.
D) standard price is the amount to produce one
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