What Is Bill Of Material In Cost Accounting
A
Bill Of Material
is a document prepared by production control department of the company
It contains the computation list of the materials required for a particular job/ order/ process
It is generally prepared for non-standardised jobs, Because in case of those jobs their material requirment differs from job to job
Bill
Of
Material
prepared for the purpose of requisition. It is prepared in
Tripilicate
One copy is returned by the storekeeper to the requisition department
After signing it second copy is retained by the storekeeper in his department
The third copy is sent to the costing department of the company
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