Material-quantity standard definition

Material-quantity standard means a preestablished measure, expressed in physical terms, of the quantity of material.
Material-quantity standard means a preestablished mea- sure, expressed in physical terms, of the quantity of material. “Moving average cost” means an inventory costing method under which an average unit cost is computed after each acquisition by adding the cost of the newly acquired units to the cost of the units of inventory on hand and dividing this
Material-quantity standard means a preestablished meas- ure, expressed in physical terms, of the quantity of material.