A source document that is used in assigning cost to the job cost sheet


Job costing results in discrete “buckets” of information about each job that the cost accountant can review to see if it really should be assigned to that job. If there are many jobs currently in progress, there is a strong chance that costs will be incorrectly assigned, but the very nature of the job costing system makes it highly auditable. The principal accounting record used in assigning costs to jobs is? 1. the Manufacturing Overhead control account. 2. a job cost sheet. 3. the store ledger cards. 4. the cost of goods manufactured schedule. Usually, each record corresponds to a cost sheet. 3. Other key documents used in a job cost system include: A materials requisition form, used to assign direct material. Time tickets, used to assign direct labor. Predetermined overhead rates, used to assign overhead. Review textbook Exhibit 4-6, which shows a sample job-order cost sheet. Job-order cost sheet. Prepared for every job; it is subsidiary to the work-in-progress account and is the primary document for accumulating all costs related to a particular job. Materials Requistion Form. The cost of direct materials is assigned to a job by the use of a source document known as.... The source documents for assigning material and factory labor costs to job cost sheets are: a. Invoices and time tickets. b. Invoices and payroll register. c. Materials requisition slips and payroll register. d. Materials requisition slips and time tickets. Review Question SO 3 Explain the nature and importance of a job cost sheet. Solution on ... Answer to A source document that is used in assigning cost to the job cost sheet? a) materials requisition slip b) raw materials r...