Managerial Accounting Reports

question 151

Multiple Choice

Managerial accounting reports

• A)Use historical information.
• B)Compare actual results to budged results.
• C)Project the results of certain decisions.
• D)All of these ans choices are correct.

---

Definitions:

Job Order Cost Sheets

Detailed records that track the costs associated with specific jobs or orders, including materials, labor, and overhead.

Subsidiary Ledger

A group of accounts with a common characteristic.

Job Cost Sheets

Documents or records that detail the materials, labor, and overhead costs associated with a particular job or project.

Job Order Cost System

An accounting system used to assign costs to specific jobs or batches, ideal for custom or unique products and services.