Job Cost sheet Hallmark Fumiture Company refinishes and reupholsters furniture, Halimark Furn ture 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 aceepted, 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 avalfable to management in evaluating the efficiency of operations and in preparing quotes on future jobs. On February 14,20Y1, an estimate of $2,652 for reuphotstering a chair and couch was given to Milard 5 chmidt. The estimate was based on the following data: On February 17, the chair and couch were picked up from the residence of Millard Schumidt, 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: Instructions: 1. Complete the portion of the job order cost sheet that would be prepared when the estimate is given to the customer: 2. Assign number 02-019 to the job, record the actual costs incurred, and complete the job order cost sheet. 1. Complete the portion of the job oroer cost sheet that wosld be peepared when the estimate is given to the cuscomer. 2. Assign number 02.019 to the job, recoed the actual costs incurred, and complete the job order cost sheet. chapter 10 Assignment ESTIMATE ACTUAL ment score: 0.0%