Explain the characteristics and purposes of cost accounting and explain the nature and importance of a job cost sheet.

Identify the documentsused in a job-order costingsystem.

Job costing is defined by cost accumulation and cost measurement that support the strategic role of costing and cost flows. Managing costs is a main duty of a cost accountant. Discuss how the concepts of cost accumulation and cost measurement apply to direct, indirect, and manufacturing overhead costs when using job costing. Include an example of your thinking.

Describe and illustrate a job order cost accounting system for a manufacturing business.