How to Cost a Job
- 1). List the job number assigned by your system or method, the customer name, the date started and date completed at the top of the job cost accounting sheet.
- 2). Break down all of the direct materials used to complete the job. List the amount per each, the quantity used, and the total sum for each line. Add up all of the material costs in a subtotal section.
- 3). Break down all of the types of labor required to complete the job. List the amount per hour for each line and the number of hours used, then sum up each row in the end column. Add up all of the labor costs in another subtotal section.
- 4). List the standard overhead charged and the breakdown of how it is determined (per hour, week or month of the job). Make a subtotal section listing the total overhead charged to the job.
- 5). Sum up all of the subtotals in a separate, clearly marked area at the bottom of the costing sheet. This will be your total cost for the job.
