The correct answer is: C. Both A and B
A material requisition note is a document that authorizes the release of materials from inventory. It is used to track the movement of materials and to ensure that they are used in the correct quantities. A bill of materials is a list of all the materials that are required to produce a product. It is used to calculate the cost of materials and to ensure that all the necessary materials are available.
Both material requisition notes and bills of materials are used to determine the material costs of each job. The material requisition note is used to track the movement of materials, and the bill of materials is used to calculate the cost of materials. The two documents are used together to ensure that all the necessary materials are used in the correct quantities and that the material costs are accurately calculated.
Here is a brief explanation of each option:
- A. Material requisition notes are documents that authorize the release of materials from inventory. They are used to track the movement of materials and to ensure that they are used in the correct quantities.
- B. Bill of materials are lists of all the materials that are required to produce a product. They are used to calculate the cost of materials and to ensure that all the necessary materials are available.
- C. Both A and B are used to determine the material costs of each job. The material requisition note is used to track the movement of materials, and the bill of materials is used to calculate the cost of materials. The two documents are used together to ensure that all the necessary materials are used in the correct quantities and that the material costs are accurately calculated.
- D. None of these is not the correct answer. Material requisition notes and bills of materials are both used to determine the material costs of each job.