Job cost sheets contain entries for actual direct materials, actual direct labor and actual factory overhead cost incurred in completing a job.

INTRODUCTION TO COST ACCOUNTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	TRUE
B	FALSE

Explanation:

Detailed explanation-1: -Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job. A job cost sheet is used to record how much a customer pays for the job once the job is completed.

Detailed explanation-2: -Job Cost Sheet normally consists of 4 major components: Direct Materials. Direct Labour. Manufacturing Overhead.

Detailed explanation-3: -A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs.

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