The principal accounting record used in assigning costs to jobs is
A)a job cost sheet.
B)the cost of goods manufactured schedule.
C)the Manufacturing Overhead account.
D)the raw materials requisition form.

Question

Quizplus · Accepted Answer

A job cost sheet is a document used to record and accumulate all the costs associated with a specific job or order. It serves as the principal accounting record for assigning costs to jobs. The cost of goods manufactured schedule and the Manufacturing Overhead account are used to calculate the total cost of production but do not assign costs to specific jobs. The raw materials requisition form is used to track the amount of raw materials used but does not record all the costs associated with a job.

The Principal Accounting Record Used in Assigning Costs to Jobs