define standard quantity
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Dictionary of Accounting Terms for: standard quantity allowed. standard quantity allowed. amount of materials that should have been used to manufacture units of output during a period. It is obtained by multiplying actual units of production by the standard material quantity per unit.
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The "standard quantity allowed for the actual output" means the amount of the input that should have been used to produce the actual output of the period. It is computed by multiplying the standard quantity of input per unit of output by the actual output.
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