Which of the following statements is TRUE? Time tickets are used to post the cost of direct labor to individual jobs. Work-in-process consists of all complete work. Direct labor is allocated to jobs along with overhead using a cost driver. There will be many different jobs on a job-order cost sheet. Which of these documents would NOT be used in job-order cost system when using normal costing? a time ticket for direct labor. an overhead application worksheet. a job cost sheet a material requisition form. Managerial accounting reports are prepared to provide creditors with information useful in making credit decisions. to ensure compliance with Generally Accepted Costing Standards. to present historical information about the company. to meet the needs of decision makers within the firm