The Direct Materials Section of a Job Cost Sheet Shows

question 69

True/False

The direct materials section of a job cost sheet shows the materials costs assigned to a job, but the direct labor section only shows the total hours of labor allocated to the job.

---

Definitions:

Two-Month Intervals

Time periods that occur or are calculated every two months.

Floating Rate

An interest rate that changes over time with the market or along with another interest rate index.

Interest

The expense incurred from borrowing funds or the income earned by lending funds, typically represented as a percentage of the principal amount.

Declined

Refers to a decrease in quantity, quality, or importance of something.