Job cost sheet
A job cost sheet is the running record that accumulates the direct materials, direct labour and applied overhead charged to one specific job, used to find that job's total and per-unit cost under job costing.
See it move
A job cost sheet accumulates every cost charged to one job. Costing Job 214, Ironhold Metalworks records €4,300 of steel, 85 labour hours at €22 giving €1,870, and overhead applied at €15 per hour giving €1,275. Total job cost is €4,300 + €1,870 + €1,275, or €7,445, for 50 brackets.
The formula
Variables
- Direct materials (€)
- Direct labour (€)
- Applied overhead (€)
The running total accumulated on a job cost sheet as materials, labour and overhead are charged to the job.
Variables
- Applied overhead (€)
- Predetermined overhead rate (€ per hour)
- Actual activity used on the job (hours)
Overhead is charged to the job at a rate fixed before the period, multiplied by the job's actual activity (often direct labour hours or machine hours).
Check yourself
Vantage Tooling is costing Job 88. Materials requisitions total €6,750. Labour time cards show 60 hours at €24 per hour. Vantage applies manufacturing overhead at €18 per direct labour hour. What is the total cost of Job 88?