ECONOMICS

Detailed explanation-1: -The correct answer is job cost sheet. A sheet which is used to record all the cost associated with the manufacturing of the products and services is known as the job cost sheet. It includes factory cost, administration cost, selling cost, etc.

Detailed explanation-2: -Job costing involves the accumulation of the costs of materials, labor, and overhead for a specific job. This approach is an excellent tool for tracing specific costs to individual jobs and examining them to see if the costs can be reduced in later jobs.

Detailed explanation-3: -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.

Detailed explanation-4: -A job cost sheet is a document detailing all the costs incurred for the completion of a project. These costs can be documented during the project or after the job is complete. Usually, the accounting department compiles this record to: verify that expenses fell within the allocated budget. cost estimate for future jobs.