A Job Cost Record Is Used to Record Direct Materials

question 270

True/False

A job cost record is used to record direct materials and direct labour. Manufacturing overhead is not recorded on a job cost record because it cannot be traced to a specific job.

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Definitions:

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Copper

A reddish-brown metal with high electrical and thermal conductivity, used extensively in electrical wiring and plumbing.

Zinc

A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.

Production Function

An analytical expression that shows how the amounts of different inputs determine the maximum quantity of output that can be produced.