what is 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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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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