https://v2.cengagenow.com/ilrn/takeAssignment/takeA... A Exam 3 Job Cost Sheet Hallmark Furniture Company refinishes and estimated cost data are inserted on an unnumbered job cost sheet. If the offer is ac 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 t tions and in preparing quotes on future jobs. On February 14, 20Y1, an estimate of $2,925 for reuph Estimated direct materials:| 30 meters at $33 per meter $ 990 Estimated direct labor: 24 hours at $30 per hour 720 Estimated factory overhead (75% of direct labor cost) 540 Total estimated costs $2,250 Markup (30% of production costs) 675 Total estimate $2,925 On February 17, the chair and couch were picked up from the residence of Millard Schmidt, 315 White Oak Drive, Columbus, Georgia, with a commitment to return them on March 15. The job was completed on March 9. The related materials requisitions and time tickets are summarized as follows: Materials Requisition No. Description Amount 122 15 meters at $33 $495 129 19 meters at $33 627 Time Ticket No. Description Amount 1344 12 hours at $30 $360 T348 16 hours at $30 480 Instructions Previous Time Remaining: 1:14:25 Email Instructor Submit Test for Mostly sunny Search- BC 2 064 ~ 60 6 7 4 ) 3/19/ W O G H ML CX MC N Q S IT A| 9 9| # 1 / Q v/ v/ Q y / (10 100 N/ + C https://v2.cengagenow.com/ilrn/takeAssignment/takeA... A> Q to Exam 3 Estimated direct labor: 24 hours at $30 per hour 720 Estimated factory overhead (75% of direct labor cost) 540 Total estimated costs $2,250 Markup (30% of production costs) 675 Total estimate $2,925 On February 17, the chair and couch were picked up from the residence of Millard Schmidt with a commitment to return them on March 15. The job was completed on March 9. The related materials requisitions and time tickets are summarized as follows: Materials Requisition No. Description Amount 122 15 meters at $33 $495 129 19 meters at $33 627 Time Ticket No. Description Amount 1344 12 hours at $30 $360 1348 16 hours at $30 480 Instructions: 1. Complete the portion of the job cost sheet that would be prepared when the estimate is given to the customer. . Assign number 02-019 to the job, record the actual costs incurred, and complete the job cost sheet. JOB COST SHEET Customer Millard Schmidt Date February 14 , 20Y1 Address 315 White Oak Drive Date wanted March 15, 20Y1 Previous Time Remaining: 1:13:58 Email Instructor Submit Test for Grading 46OF ~ 60 6 40) 3/19/2023 Mostly sunny Search-BC - 0 64 O W R D Ghttps.//V2.cengagenow.com/ilrn/takeAssignment/takeA... A> Q Exam 3 2. Assign number 02-019 to the job, record the actual costs incurred, and complete the job cost sheet. JOB COST SHEET Customer Millard Schmidt Date February 14, 20Y1 Address 315 White Oak Drive Date wanted March 15, 20Y1 Columbus, GA Date completed March 9, 20Y1 Item Reupholster couch and chair Job. No. 02-019 ESTIMATE Direct Materials Direct Labor Summary Amount Amount Amount 30 Meters at $33 24 Hours at $30 Direct Materials Direct Labor Factory Overhead Total S Total Total cost ACTUAL Direct Materials Direct Labor Summary Mat. Req. No. Description Amount Time Ticket No. Description Amount Item Amount Direct Materials 122 15 Meters at $33 T344 12 Hours at $30 Direct Labor 129 19 Meters at $33 T348 16 Hours at $30 Factory Overhead Total Total Total Cost Time Remaining: 1:13:37 Email Instructor 46"F Mostly sunny Search- B C 1 6 9 6 8 W m R O G H