ECONOMICS

Detailed explanation-1: -A materials requisition is a source document used by production managers to request materials for production and also used to assign materials costs to specific jobs or to overhead.

Detailed explanation-2: -A material requisition, often referred to as a material request, is a document used by the manufacturing department to track the quantity of direct materials moved when raw materials were being used to produce goods or to seek the materials necessary to finish a production process.

Detailed explanation-3: -Answer and Explanation: The correct answer is a. Materials requisition slip. Material requisition slip is a document used to record the used direct materials or amount of direct materials that were transferred from raw materials to work in process account during the period.

Detailed explanation-4: -What is a Material Requisition Form? A material requisition form lists the items to be picked from inventory and used in the production process or in the provision of a service to a customer, usually for a specific job.

Detailed explanation-5: -The source documents for direct materials is the invoices from the material purchases. The source documents for direct labor is the time cards of the employees. The source documents for the manufacturing overhead is the allocation method utilized by the firm in addition to the invoices of the overhead allocated.