Final answer:
A job cost record is used to accumulate the costs of a job, tracking expenses such as materials and labor.
Step-by-step explanation:
A job cost record is used to accumulate the costs of a job. It is a document that tracks and records all the costs associated with a specific job or project. This includes the cost of materials, labor, and any other resources used.
For example, let's say a construction company is building a house. The job cost record would track the cost of materials such as lumber, nails, and paint, as well as the cost of labor, such as wages paid to the workers. This record helps the company keep track of the expenses and determine the overall cost of the project.