The reliability of the job-cost records depends on the reliability of the inputs.

Question

Quizplus · Accepted Answer

The accuracy and reliability of job-cost records is dependent on the accuracy and reliability of the information that is used as inputs. If the inputs are incorrect or unreliable, it can lead to errors in the costing system and inaccurate job cost information. Therefore, it is essential to ensure that the inputs are double-checked and validated for accuracy and completeness before using them to calculate job costs.

The Reliability of the Job-Cost Records Depends on the Reliability