A manufacturing firm produces goods in accordance with customer specifications, commencing production upon receipt of a purchase order. To accumulate the cost of each order, the company would use a:
A) job-cost record.
B) cost allocation matrix.
C) production log.
D) overhead sheet.
E) manufacturing cost record.

Question

Quizplus · Accepted Answer

A job-cost record is specifically designed to accumulate the costs associated with a particular job or order, which aligns with the scenario of producing goods based on customer specifications and starting production upon receiving a purchase order.

A Manufacturing Firm Produces Goods in Accordance with Customer Specifications