| 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
Correct Answer: C
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