ECONOMICS

Detailed explanation-1: -Job Cost Sheet is an important document which is prepared for the ascertainment of cost of each job in Job costing. Job cost sheet is otherwise called as job card. A separate cost sheet is prepared for each job on which direct material, direct labour and other costs are charged relating to a job.

Detailed explanation-2: -Job cost sheet. This is used to track the job number; customer information; job information (date started, completed, and shipped); individual cost information for materials used, labor, and overhead; and a total job cost summary.

Detailed explanation-3: -While the job is being performed, you need to maintain a job cost sheet to track the actual material and labor being used. This sheet will help you evaluate if the actual cost of doing the job differs from your estimate.