Final answer:
A job-cost sheet primarily details the direct labor costs incurred for a job. It records all costs related to particular production jobs and is essential for cost calculation and pricing strategies. The sheet also includes direct materials and manufacturing overhead costs attributed to the job.
Step-by-step explanation:
A job-cost sheet details the direct labor costs incurred during the production of goods or services. It is a record that tracks the direct materials, direct labor, and manufacturing overhead costs associated with a particular job. This sheet enables businesses to calculate the total cost of a job for profitability analysis and for setting the selling price of products or services.
The job-cost sheet typically does not include explicit costs such as direct materials purchased and paid unless they are specifically attributable to the job in question. Likewise, indirect costs such as indirect labor costs or actual indirect overhead costs are usually combined into one overhead rate and applied to the job based on a predetermined overhead allocation method. It's important to distinguish between these costs to understand the overall cost structure of a business and to make informed financial decisions.