Q253
"Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production overheads, and non –production overheads are often added as a percentage of total production cost. 3. The job costing method can be applied in costing batches"
A.
(1) only
B.
(1) and (2) only
C.
(1) and (3) only
AnswerD.
(2) and (3) only
Answer: Option C
Solution
Answer: Option C
Solution:
The following statements that are correct are: A materials requisition note is used to record the issue of direct material to a specific job and The job costing method can be applied in costing batches.