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Costing - Phase (I & II) Lean System and Innovation

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Material Costs of each job are determined from……………

Material requisition notes

bill of materials

both a & b

none of these

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Explanation:

To summarize the job order cost system, the cost of each job includes direct materials, direct labor, and manufacturing overhead. While the product is in production, the direct materials and direct labor costs are included in the work in process inventory.