Question

Job cost sheets can be used to______________.a. provide a subsidiary ledger for the Raw Materials Inventory account.b. monitor costs incurred to date and to predict and control costs for each job.c. provide a permanent record for the Cost of Goods Sold account.d. provide a subsidiary ledger for the Finished Goods Inventory account.

Answer 1

Answer:

The correct answer is letter "B": monitor costs incurred to date and to predict and control costs for each job.

Explanation:

Job cost sheets are used to record the costs incurred on a job. The document is helpful to store cost information details such as product volume which helps companies to keep a record of how costs are being processed. This could help firms make comparisons over certain periods and predictions of what the costs could be.