form prepared for each job or department. It serves as a means of accumulating the manufacturing costs-direct materials, direct labor, and overhead costs-chargeable to the job or department and as a means of determining unit costs. A job (order) cost sheetis used for job order costing; a cost of production reportis used for process costing. Cost sheets may serve as a subsidiary ledger supporting a Work-in-Process Control.
Dictionary of Accounting Terms for: cost sheet