Cost And Management Accounting Formats (AS Level): Job Cost Sheet Format (Copy)
Job Cost Sheet Format
Standard Job Cost Sheet Layout (AS Level – Exam Preferred)
Job Cost Sheet
| Job Number | xxxx |
|---|---|
| Customer | xxxx |
| Description | xxxx |
| Cost Element | Details | Amount |
|---|---|---|
| Direct Materials | ||
| Material A | xxxx | |
| Material B | xxxx | |
| Total Direct Materials | xxxx | |
| Direct Labour | ||
| xx hours × $x | xxxx | |
| Total Direct Labour | xxxx | |
| Prime Cost | xxxx | |
| Production Overheads | ||
| xx hours × $x (OAR) | xxxx | |
| Total Production Overheads | xxxx | |
| Total Production Cost | xxxx | |
| Profit (If Required) | xxxx | |
| Selling Price | xxxx |
- Core AS Level Job Costing Format
- Prime Cost = Direct Materials + Direct Labour
- Overheads Absorbed Using Predetermined Rate
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Job Cost Sheet With Overhead Absorption Rate (Detailed)
Overhead Absorption Rate (OAR) Working
| Details | Amount |
|---|---|
| Budgeted Production Overheads | xxxx |
| Budgeted Labour Hours / Machine Hours | xxxx |
| OAR | $x per hour |
Job Cost Sheet (Using OAR)
| Cost Element | Working | Amount |
|---|---|---|
| Direct Materials | Issued From Stores | xxxx |
| Direct Labour | xx hours × $x | xxxx |
| Prime Cost | xxxx | |
| Production Overheads | xx hours × $x (OAR) | xxxx |
| Total Production Cost | xxxx |
- OAR Must Be Shown Separately
- Same Base Used For All Jobs
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Job Cost Sheet With Machine Hour Basis
Overhead Absorption (Machine Hours)
| Details | Amount |
|---|---|
| Budgeted Overheads | xxxx |
| Budgeted Machine Hours | xxxx |
| OAR | $x per machine hour |
Job Cost Sheet
| Cost Element | Working | Amount |
|---|---|---|
| Direct Materials | xxxx | |
| Direct Labour | xxxx | |
| Prime Cost | xxxx | |
| Production Overheads | xx machine hours × $x | xxxx |
| Total Production Cost | xxxx |
- Machine Hours Used When Machinery Is Main Cost Driver
- Must Match Question Requirement
Job Cost Sheet With Profit Mark-Up
Profit Calculation Working
| Details | Amount |
|---|---|
| Total Production Cost | xxxx |
| Profit Mark-Up (e.g. 25%) | xxxx |
| Profit | xxxx |
| Selling Price | xxxx |
Job Cost Sheet (With Profit)
| Description | Amount |
|---|---|
| Total Production Cost | xxxx |
| Add: Profit | xxxx |
| Selling Price | xxxx |
- Mark-Up Applied On Cost
- Margin Vs Mark-Up Must Be Identified
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Job Cost Sheet Without Profit (Cost Only)
Job Cost Sheet
| Cost Element | Amount |
|---|---|
| Direct Materials | xxxx |
| Direct Labour | xxxx |
| Prime Cost | xxxx |
| Production Overheads | xxxx |
| Total Production Cost | xxxx |
- Used When Only Costing Is Required
- No Selling Price Shown
Items Included In Job Cost Sheet (AS Level)
- Direct Materials
- Direct Labour
- Production Overheads
- Prime Cost
- Total Production Cost
Items Never Included In Job Cost Sheet
- Administrative Expenses
- Selling And Distribution Expenses
- Finance Costs
- Profit Or Loss Accounts
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Presentation Rules For Job Cost Sheets (Exam Scoring)
- Clear Job Identification
- Separate Direct And Indirect Costs
- Show OAR Working
- Use Correct Absorption Base
- Totals Clearly Labelled
Common Examiner Errors To Avoid (Job Costing)
- Treating Indirect Labour As Direct
- Using Wrong Overhead Base
- Forgetting Prime Cost
- Mixing Mark-Up And Margin
- Not Showing Overhead Working
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Compact Job Cost Sheet Template (Emergency)
Direct Materials xxxx
Direct Labour xxxx
Prime Cost xxxx
Overheads xxxx
Total Cost xxxx
One-Glance Exam Template
Job Costing
DM + DL = Prime Cost
Add Overheads
Get Total Cost