Determined price at which company expects to pay for every single unit is called

A standard price
B input price
C actual input
D output price

Correct Answer: standard price

Determined price at which company expects to pay for every single unit is called standard price. Standard price is the pre-established uniform price for a good or service, based on its historical price, replacement cost, or an analysis of its competitive position in the market.
Bissoy MCQ
#Management #Management Accounting

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