Answer:
The purpose of a job cost sheet is to record the various costs that went into the manufacturing of a product or the provision of a service. This will enable the company know how much the process cost so that the company can understand the cost of the product better and make informed decisions based on this.
The information generally included in a job cost sheet include:
- Direct labor hours
- Direct materials used and their cost
- Material requisition number
- Manufacturing overhead rate and the basis (eg labor hours or machine hours).
- Total cost of production.