18
"Which of the following statements is/are correct?1. A materials requisition note is used to record the issue of direct material to a specific job.2. A typical job cost will contain actual costs for material, labour and production overheads, and non –production overheads are often added as a percentage of total production cost.3. The job costing method can be applied in costing batches"
- A(1) only
- B(1) and (2) only
- C(1) and (3) only
- D(2) and (3) only
Correct answer: C