Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job.

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BlackTom AI · Accepted Answer

The statement concerns what a job cost sheet records for a job. 
Option: 'false' – This is correct because job cost sheets typically track the costs that are assigned to a job, which commonly include direct materials and direct labor as actual costs, but the handling of overhead is where the nuance lies. 
In many costing systems, overhead is allocated or applied to jobs based on a predetermined overhead rate rather than recorded as actual overhead incurred for the job. Therefore, the standard presentation on a job cost sheet is to show actual direct material and direct labor costs, and then apply overhead to the job (not necessarily the actual overhead incurred). 
If one were to claim that the sheet always lists 'actual manufacturing overhead cost incurred' as an exact line item, that would misstate typical practice, because overhead is frequently allocated (applied) rather than recorded in full as incurred for each job. 
Regarding alternative reasoning that might appear in other statements: some systems do show both actual overhead incurred and overhead applied, but the phrasing of the given statement implies a universal view that the sheet contains actual overhead as incurred for the job, which is not universally true. Therefore, the statement is false in the context of standard job costing practices.

ACTG-2300-4 Chapter 2 PreClass Work

Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job.

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