What is Job Card
Job Cost Card or Job sheet is document where all cost of a job is collected.
How many sections of Job card
The job card has typically two section .
1.one section carry the details of each transaction carried out with respect of a job.
2. 2nd section carry the summary of those transaction plus some additional information like
a administration expenses charged to job , sale price and profit.
What is purpose of Job Cost card
Job card is basically a memorandum record for the management for the decision making and controlling the cost. It is quiet complex to use job account for the decision making purposes and therefore the concept of cost sheet has been introduce.
1. Readily Information
The cost sheet provide the readily available information about the cost incurred on a job. Material are recorded on bases on material requisition , Labor is recorded on ticket number and overhead rate is used to charge the overhead to a job.
2. Effective Tool cost control
The information provided in job card is effective tool to control the cost as per estimation.
3. Accuracy of Job account
Job account may be reconciled with job card information to check the accuracy of job account.
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