Job Costing

Adding up the materials, labor, and overhead for a job.

In order to figure up your profit, you have to know what the job cost. If the labor was $20, the materials $5, and the overhead $10, the job cost $35 (20 + 5+10). The company would have to charge more than $35 to make a profit.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/job-costing/