Week 2, LO 2 Demo

Week 2, LO 2 Demo - Week 2: Systems Design: Job-Order...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 2: Systems Design: Job-Order Costing Week 2 Skill Building Demonstration Problem 2 Identify the documents used in a job-order costing system. Learning Objective 2 Measuring Direct Materials Cost - Bill of Materials is a document that lists the type of and quantity of each raw material Sample: No. Part Qty Description Weight Cost 1 Counter 1 Granite 12x7x3 round 70lb $$$ 2 Leg 4 Stainless Steel-Standard 30lb $$ 3 Chairs 6 Leather-Standard 3lb $ ““ -Materials Requisition Form is a detailed source document that specifies the type and quantity of materials to be drawn from the storeroom and identifies the job that will be charged for the cost of the materials. *The form is used to control the flow of materials into production and also making entries in
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Week 2, LO 2 Demo - Week 2: Systems Design: Job-Order...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online