The principal accounting record used in assigning costs to jobs is
A) a job cost sheet.
B) the cost of goods manufactured schedule.
C) the Manufacturing Overhead control account.
D) the stores ledger cards.

Question

Quizplus · Accepted Answer

A job cost sheet is the most appropriate accounting record used to assign costs to jobs. This document tracks all the costs associated with a particular job or project, including direct materials, labor, and overhead. The job cost sheet provides a detailed breakdown of the costs incurred for each job, making it easier to determine the total cost and profitability of each project. The cost of goods manufactured schedule is used to calculate the total cost of goods manufactured during a specific period, while the Manufacturing Overhead control account and stores ledger cards are used to track overhead costs and inventory, respectively.

The Principal Accounting Record Used in Assigning Costs to Jobs