Job order cost sheet definition
/What is a Job Order Cost Sheet?
A job order cost sheet accumulates the costs charged to a specific job. It is used within a job costing system. This cost sheet is most commonly compiled for single-unit or batch-sized production runs. The information contained within the cost sheet includes the job number, start and stop dates, the number of units produced, all direct materials and direct labor costs associated with a job, and a factory overhead allocation. A sample job order cost sheet appears in the following exhibit.
Job Order Cost Sheet FAQs
When is a separate cost sheet created for a job?
A separate job cost sheet is created when work begins on a distinct customer order, production batch, project, or contract whose costs must be tracked independently. The sheet is assigned a unique job number and accumulates direct materials, direct labor, and applied overhead until the job is completed.