Materials Requisition Form Definition:

A detailed source document that specifies the type and quantity of materials that are to be drawn from the storeroom and identifies the job to which the costs of materials are to be charged.

Other Related Accounting Articles:

• Materials/Store Ledger Card Definition
• Bill of materials Definition
• Materials Quantity Variance Definition
• Weighted Average Method Definition
• Job Cost Sheet Definition
• Warranty Deed
• First In First Out (FIFO) – Materials and Inventory Costing Method
• Direct Materials Budget Definition
• Specific Cost Method Definition
• Direct Material Price Variance