The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?
Correct answer: A. bill of materials
- A. bill of materials
- B. bill of sequence
- C. bill of detail
- D. bill of raw materials
Explanation
A bill of materials lists the raw materials required, their quantities and often the sequence or structure in which they are used to make a product. It supports production planning and material purchasing.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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