Final answer:
The question is about the business concept of job order costing, specifically the job cost sheet for job 910. This sheet comprises material, labor, and overhead costs for that job, aiding in tracking and managing production expenses for businesses producing unique products or jobs.
Step-by-step explanation:
The question pertains to a scenario in business accounting, specifically, job order costing. Job 910 has been completed and its job cost sheet contains various data. This system of accounting is used to track production costs for a specific job or batch of products. In this context, the job cost sheet would typically include materials, labor, and overhead costs associated with job 910.
Job Order Costing
Job order costing is important for businesses that produce unique products or jobs. It helps in determining the exact cost of production for each job and managing the overall expenses efficiently. Companies in manufacturing, construction, or services often use this method to price their products or services competitively while maintaining profitability.
Job Cost Sheet
A job cost sheet is a record that contains all expenses related to a particular job. This can help accountants and management in evaluating the performance of a job, ensuring the costing was accurate, and comparing it with other jobs to analyze efficiencies or areas for improvement. This also plays a crucial role in financial reporting and decision-making within a company.