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HW Vide Summary - job is done the job cost sheet is...

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Valerie Bodden Kluge 10-0014 February 10, 2011 Cost-Accounting Video Summary When manufactures make individual or personalized products, it is very practical for them to used job order costing, and most of the time, use a perpetual inventory system. The perpetual inventory system is very useful because it provides a specific number in real time basis of what materials are being used every time they have been used. When a
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Unformatted text preview: job is done, the job cost sheet is assigned to that particular job number, to assign the particular costs incurred in labor and manufacturing overhead etc. The job cost sheet records direct materials and labor for the specific job. The job cost system allows for close monitoring, comparing to projected budgets, and to see if the company is on track according to their projections or not....
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