Job cost sheets are a type of document that lists all the costs associated with completing work cost statement is a form of document or record that combines all the expenses associated with a specific task. It’s a means for companies to segregate costs. By decomposing the expenses, businesses can know exactly how much they invested in each product made. A cost sheet for job is also an excellent tool for companies who submit bids to get jobs. Certain businesses must make a bid, or cost estimate to the hiring company which provides the cost at which they will complete the job.

There are three major categories that include direct materials as well as direct labor and overhead specifically transportation costs, sales, and taxes, materials and supplies or labor costs, as well as any outsourcing costs.