The job cost sheet summarizes all costs charged to a particular job including direct materials, direct labor, and overhead costs. It is used to track the progress and cost of a job and is helpful in determining the profitability of a job. It is not discarded after production is completed but rather serves as a record for future reference. It is primarily used in job costing, not process costing.

Solved

The Job Cost Sheet

Question 37

Multiple Choice

The job cost sheet:

A) summarizes all costs charged to a particular job.
B) contains only direct costs such as direct materials and direct labor.
C) is discarded after production is completed on a particular job.
D) is useful only in process costing.

Correct Answer: