Which of the following statement(s) is/are correct? I. A materials requisition note is used to record the issue of direct material to a specific job. II. 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. III. The job costing method can be applied in costing batches.

Which of the following statement(s) is/are correct? I. A materials req

1.	Which of the following statement(s) is/are correct? I. A materials requisition note is used to record the issue of direct material to a specific job. II. 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. III. The job costing method can be applied in costing batches.
A.	I only
B.	I and II only
C.	I and III only
D.	II and III only
Answer» D. II and III only

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