COST ACCOUNTING
JOB ORDER COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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documents that must be prepared in Job Order Costing, except:
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Time Ticket
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materials requisition form
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Job Cost Sheet
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annual report
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Explanation:
Detailed explanation-1: -Job order costing requires the assignment of direct materials, direct labor, and overhead to each production unit.
Detailed explanation-2: -The correct answer is job cost sheet. A sheet which is used to record all the cost associated with the manufacturing of the products and services is known as the job cost sheet.
Detailed explanation-3: -A job cost sheet usually includes the customer name, address, job number, job description, date started, date completed, and estimated completion date. The costs for the job are recorded on the sheet during the production process. This usually happens in three categories: direct materials, direct labor, and overhead.
There is 1 question to complete.