Question

The document which indicates the type and quantity of each material issued to the factory is called the:

a. materials requisition form
b. production list
c. work ticket
d. control account

Answer 1

The correct answer is 'materials requisition form', which is used for tracking and authorizing the issue of materials to different departments within a factory for production purposes.

Step-by-step explanation:

The document which indicates the type and quantity of each material issued to the factory is called the materials requisition form. This form is used as a part of inventory management and cost accounting. It allows the materials manager to keep track of the materials being used in the production process and is typically authorized by a supervisor or a person responsible for managing inventory to ensure proper control over the use of resources. The form typically includes information such as the date of the requisition, the department requesting the materials, the specific type and quantity of materials needed, and may also include the job number or cost center for accounting purposes.