Materials requisition form

Definition

A materials requisition form is a document used to request the transfer of raw materials from the storeroom to the production floor. It ensures accurate tracking of material usage and costs in manufacturing processes.

5 Must Know Facts For Your Next Test

1. It specifies the type, quantity, and cost of materials needed for a specific job or project.
2. Helps maintain inventory control by documenting material withdrawals.
3. Essential for assigning direct material costs to specific jobs in job order costing systems.
4. Must be authorized by a manager or supervisor before materials can be issued.
5. Forms part of the documentation that supports the cost flow in job order costing.

Review Questions

• What information is typically included on a materials requisition form?
• Why is managerial authorization necessary on a materials requisition form?
• How does a materials requisition form contribute to accurate job costing?

Related terms

Job Order Costing:

A system that assigns costs to specific production batches or jobs.

Direct Materials:

Raw materials that are traceable directly to a finished product.

Inventory Control: The process of managing and overseeing the ordering, storage, and use of components used in production.