Standard Quantity in Financial Formulas

Standard Quantity refers to the predetermined amount of materials that should be used for a specific level of production or output. And is denoted by SQ.

Financial formulas that make use of Standard Quantity

fxMaterial QuantityGo

fxMaterial Usage VarianceGo

FAQ

What is the Standard Quantity?

Standard Quantity refers to the predetermined amount of materials that should be used for a specific level of production or output.

Can the Standard Quantity be negative?

{YesorNo}, the Standard Quantity, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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