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Managerial Accounting: The Corners...
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Managerial Accounting: The Corners...
Source Documents
For each of the following independent situations, give the source document that would be referred to for the necessary information.
Required:
- 1. Direct materials costing $460 are requisitioned for use on a job.
- 2. Greiner’s Garage uses a job-order costing system. Overhead is applied to jobs based on direct labor hours. Which source document gives the number of direct labor hours worked on Job 2004-276?
- 3. Pasilla Investigative Services bills clients on a monthly basis for costs to date. Job 3-48 involved an investigator following the client’s business partner for a week by automobile. Mileage is billed at number of miles times $0.75.
- 4. The foreman on the Jackson job wonders what the actual direct materials cost was for that job.
1.
Identify the source document to be referred for requisition of direct material used in a job.
Materials Requisition Form:
A source document that is used in the assignment of direct materials cost to a job is known as materials requisition form. This document is used to post the cost of materials onto the right job cost sheet...
2.
Identify the source document that gives the number of labor hours worked on a job.
3.
Identify the source document which is referred for mileage.
4.
Identify the source document which is referred for actual direct materials cost.
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