Job Cost Sheet

Remnant Carpet Company sells and installs commercial carpeting for office buildings. Remnant Carpet Company uses job order costing. When a prospectiv

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

preparing quotes on future jobs. On October $1,$ Remnant Carpet Company gave Jackson Consulting an estimate of $$2,483$ to carpet the consulting firm's

newly leased office. The estimate was based on the following data:

Estimated direct materials:

$30$ meters at $$31$ per meter

Estimated direct labor:

$28$ hours at $$20$ per hour

Estimated factory overhead $(75\%$ of direct labor cost$)$

Total estimated costs

Markup $(30\%$ of production costs$)$

Total estimate

$$930$

$560$

$420$

$$1,910$

$573$

$$2,483$

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: