Question

A​ job-cost record uses information from​ ________. A. a​ materials-requisition report to record the type and quantity of item received in an order from a supplier B. a​ materials-requisition record to record raw material purchases from suppliers C. a​ labor-time card to record an​ employee's wage rate and hours spent on a particular job

Answer 1

Answer:

C. a​ labor-time card to record an​ employee's wage rate and hours spent on a particular job

Explanation:

Job costing refers to the cost of materials, labour and overhead used for a specific production or job process. It is used in efficiently tracing specific cost to individual jobs. Job costing record refers to a record of all expenses relating to a single job or job segment. For the labour used, labour time card which records employees wage rates and hours spent on a particular job are used for recording job cost. The record is used to accumulate manufacturing cost of direct labour and applied overhead for a particular job.