Which one of the following best describes a job cost sheet?

Question

Quizplus · Accepted Answer

A job cost sheet is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. It helps in tracking and analyzing direct costs such as materials, labor, and other expenses incurred for a specific job. The information collected on the job cost sheet is important in determining the profitability of a particular project or job. Option A is incorrect as it only focuses on direct costs. Option B is incorrect as it does not relate to job cost accounting. Option D is incorrect as it refers to a manufacturing overhead cost sheet.

Which One of the Following Best Describes a Job Cost