Asked by AWebb Moran on May 10, 2024
Verified
Each document in the cost ledger is called a
A) finished goods sheet
B) stock record
C) materials requisition
D) job cost sheet
Cost Ledger
A subsidiary ledger that contains individual accounts for each type of cost, including materials, labor, and overhead, used in process costing systems.
Job Cost Sheet
A document that records the materials, labor, and overhead costs incurred for a specific job or project.
- Recognize the documents and procedures involved in the accounting for materials and labor costs.
Verified Answer
KP
krunal patelMay 11, 2024
Final Answer :
D
Explanation :
Each document in the cost ledger that keeps track of the cost of each job or project is called a job cost sheet. The other options do not accurately describe the purpose or content of the cost ledger.
Learning Objectives
- Recognize the documents and procedures involved in the accounting for materials and labor costs.
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