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Which notional price method prices materials by taking into account all factors affecting price and determines standard prices for each material?
  • a)
    Standard Price Method
  • b)
    Inflated Price Method
  • c)
    Market Price Method
  • d)
    Replacement Price Method
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which notional price method prices materials by taking into account al...
The correct answer is Option A: Standard Price Method. This method prices materials by taking into account all factors affecting price, such as market trends and transportation costs, and determines standard prices for each material. Standard prices can be fixed for long periods (basic standard) or adjusted to prevailing trends in markets (current standard).
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Which notional price method prices materials by taking into account all factors affecting price and determines standard prices for each material?a)Standard Price Methodb)Inflated Price Methodc)Market Price Methodd)Replacement Price MethodCorrect answer is option 'A'. Can you explain this answer?
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