Importance of job cost sheet
Provide and discuss an example of a situation where a company would use a job cost sheet. As part of your analysis, be sure to explain the nature and importance of a job cost sheet.
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A job cost sheet can be defined as a compilation of the total cost incurred by a job. This cost incorporates the cost incurred in the purchase of materials and labor. It is used by organizations in several ways. It is used to determine the labor rates of employees in an organization together with the overtime. This is mainly used to ascertain the productivity of the employees. Through determining the labor rates, it is also used to prepare the payroll for the employees. This enables the organization to determine the benefits that the employees get after providing labor to the organization. This ensures that the employees’……………..
APA
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