The centrepiece of a job-costing system is the
A) materials requisition form.
B) job-cost record.
C) labour time ticket.
D) budgeted overhead rate.

Question

Quizplus · Accepted Answer

The job-cost record serves as the centrepiece of a job-costing system as it contains information about the direct materials, direct labor, and manufacturing overhead costs specific to a particular job. It is used to accumulate costs and determine the total cost of each job. Materials requisition form, labour time ticket, and budgeted overhead rate are all important components of a job-costing system, but they are not the centrepiece.

The Centrepiece of a Job-Costing System Is the