Indicate Whether Each of the Following Statements About Job-Order Cost

Short Answer

Indicate whether each of the following statements about job-order cost systems is true or false.In a job-order cost system, the costs of a job are accumulated on a job cost sheet.Materials requisition forms are prepared by the company's purchasing department to order raw materials from a supplier.A materials requisition form is a source document used in preparing a job cost sheet.A materials requisition form is usually prepared and delivered electronically.A manufacturer's production department is responsible for preparing job cost sheets.