Asked by Ericka Eldridge on May 02, 2024
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Each account in the work in process subsidiary ledger in a job order costing system is called a job cost sheet.
Subsidiary Ledger
Individual accounts with a common characteristic grouped together in a separate or secondary ledger, which is used to support a controlling account in the general ledger.
Job Cost Sheet
An account in the work in process subsidiary ledger in which the costs charged to a particular job order are recorded.
Job Order Costing
A cost accounting system in which costs are assigned to specific jobs or batches, which are often custom orders.
- Understand the basic components and purpose of the job order costing system.
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Learning Objectives
- Understand the basic components and purpose of the job order costing system.
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