Asked by
Shaina Kaushal
on Oct 24, 2024Verified
A list of all materials required for a particular job is most commonly referred to as
A) a source document.
B) a bill of materials.
C) a purchase order.
D) a schedule of goods manufactured.
Bill of Materials
A bill of materials is a comprehensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.
Source Document
An original record or document that provides evidence of a financial transaction, used as proof for recording the transaction in accounting systems.
Schedule of Goods
A detailed list of products to be produced or delivered, including specifications and timing, often used in manufacturing and logistics planning.
- Identify and define key components of manufacturing costs such as materials, labor, and overheads.
Verified Answer
MG
Learning Objectives
- Identify and define key components of manufacturing costs such as materials, labor, and overheads.