A Job Cost Sheet Usually Contains a Record of Each

question 78

Multiple Choice

A job cost sheet usually contains a record of each of the following except:

• A)The cost of direct materials charged to a particular job.
• B)The overhead costs actually incurred on a particular job.
• C)The cost of direct labor charged to a particular job.
• D)The overhead cost applied to a particular job.

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Definitions:

SCM

Supply Chain Management, the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Just-In-Time Production

A manufacturing methodology aimed at reducing inventory costs by producing goods only as they are needed in the production process or by the customer.

Inventory Replenishment

The process of adding stock to inventory to maintain desired levels and fulfill customer orders without delay.

Process Excellence

Continuous improvement of business processes to achieve superior performance and efficiency.