Match each of the following phrases with the term (a-e) that it most closely describes it. Each term will be used only once.
-These make up the work in process subsidiary ledger
A)Job cost sheets
B)Materials requisitions
C)Receiving report
D)Time tickets
E)Cost allocation

Question

Quizplus · Accepted Answer

Job cost sheets track the cost of direct materials, direct labor, and manufacturing overhead associated with a specific job, which is then recorded in the work in process subsidiary ledger. Materials requisitions and receiving reports track the movement of materials in and out of inventory, while time tickets record employee hours worked. Cost allocation refers to the process of assigning indirect costs to specific cost objects.

Match Each of the Following Phrases with the Term (A-E)