In a Job-Order Cost System, Indirect Labor Is Assigned to a Job

question 86

True/False

In a job-order cost system, indirect labor is assigned to a job using information from the employee time ticket.

---

Definitions:

Venture Capitalist

A venture capitalist is an investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity.

Red Herring

An initial prospectus submitted by a company to the Securities and Exchange Commission (SEC), typically associated with the company's first public offering.

Holder-of-Record Date

The specific date on which a company determines its shareholders' list for dividend distribution or other rights.

Record Date

The date set by a corporation to determine the shareholders eligible to receive a dividend or vote at a shareholders' meeting.