Asked by Patel Fenil on Apr 27, 2024
Verified
A receiving report is prepared when purchased materials are first received by the manufacturing department.
Receiving Report
A document used by a company to record the receipt of goods from a supplier, detailing the quantity and condition of the items received.
Purchased Materials
Refers to the raw materials bought by a company to be used in production or merchandise bought for resale.
Manufacturing Department
A specific division within a company that is responsible for the production of goods.
- Recognize the paperwork utilized in job order costing systems to document costs associated with direct labor and materials.
Verified Answer
BC
Brynn ChaseMay 01, 2024
Final Answer :
False
Explanation :
A receiving report is prepared when purchased materials are received by the receiving department, not the manufacturing department, to document the receipt and condition of the materials.
Learning Objectives
- Recognize the paperwork utilized in job order costing systems to document costs associated with direct labor and materials.