Estimated direct materials: 30 meters at $31 per meter $930 Estimated direct labor: 28 hours at $20 per hour 560 Estimated factory overhead (75% of direct labor cost) 420 Total estimated costs $1,910 Markup (40% of production costs) 764 Total estimate $2,674 On October 3, Jackson Consulting signed a purchase contract, and the delivery and installation were completed on October 10 The related materials requisitions and time tickets are summarized as follows: Materials Requisition No. Description Amount 112 15 meters at $31 $465 114 19 meters at $31 589 Time Ticket No. Description Amount H10 14 hours at $20 $280 H11 18 hours at $20 360 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. JOB ORDER COST SHEET Date Customer Jackson Consulting October 1 Date wanted Date completed October 10 October 10 Job. No ESTIMATE Direct Materials Direct Labor Summary Amount Amount Amount 30 Meters at $35 28 Hours at $20 Direct Materials Direct Labor Factory Overhead Total Total Total cost ACTUAL Direct Materials Summary Direct Labor Description Mat. Reg. No. Description Amount Time Ticket No. Amount Item Amount Direct Materials 112 15 Meters at 531 H10 14 Hours at $20 Direct Labor 19 Meters at $3 H11 18 Hours at 520 Factory Overhead Total Total Total Cost