Job Order Cost Sheet

The video tutorial explains job order costing, a method to record costs for specific jobs. It details the components of a cost sheet, including job number, material units, and direct costs. The purpose of job order costing is to track costs and determine pricing, often using a cost-plus method. The tutorial also covers analyzing job profitability by comparing charged amounts to allocated activities.

What does 'cost plus billing' mean in the context of job order costing?

How can one determine if a job was profitable after it has been completed?