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Job Order Cost Sheet Remnant Carpet Company sells and Installs commercial carpeting for office buildings. Remnant Carpet Company uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are Inserted on an unnumbered job cost sheet. If the offer is accepted, a number Is assigned to the job, and the costs Incurred are recorded in the usual manner on the job cost sheet. After the job is completed, reasons for the variances between the estimated and actual costs are noted on the sheet. The data are then available to management In evaluating the efficiency of operations and In preparing quotes on future jobs. On October 1, Remnant Carpet Company gave Jackson Consulting an estimate of $2,912 to carpet the consulting firm's newly leased office. The estimate was based on the following data: Estimated direct materials: 40 sq. ft. at $31 per sq. ft. $ 1,240 Estimated direct labor: 24 hours at $20 per hour 480 Estimated factory overhead (75% of direct labor cost) 360 Total estimated costs $2,080 Markup (40% of production costs) 832 Total estimate $2,912 On October 3, Jackson Consulting signed a purchase contract, and the delivery and Installation was completed on October 10, The related materials requisitions and time tickets are summarized as follows: Materials Requisition No. Description Amount 112 20 sq. ft. at $31 $620 114 24 sq. ft. at $31 744 Time Ticket No. Description Amount H10 12 hours at $20 $240 H11 16 hours at $20 320 Required: Enter amounts as positive numbers. 1. Complete that portion of the job order cost sheet that would be prepared when the estimate is given to the customer. 2. Record the costs Incurred and complete the job order cost sheet