In a job-cost system, all costs for a particular product service or batch of product are recorded on the:
A)materials requisition form
B)job-cost record
C)labor time ticket
D)budgeted overhead rate

Question

Quizplus · Accepted Answer

A job-cost record is a document that tracks all costs associated with a specific job or batch of products. This allows for better cost control and helps management make informed decisions about pricing and production. Materials requisition forms and labor time tickets may contribute to the data recorded on the job-cost record, but they do not capture all costs associated with the job. Budgeted overhead rates are used to estimate overhead costs, but do not record actual costs.

In a Job-Cost System, All Costs for a Particular Product