COST ACCOUNTING
MANUFACTURING OVERHEAD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Do you need a job card in job costing process?
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Yes
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No
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Explanation:
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.
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