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 $2,562 to carpet the consulting firms newly leased office. The estimate was based on the following data:

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.

Estimated direct materials: 30 meters at $33 per meter $ 990 Estimated direct labor: 24 hours at $20 per hour 480 360 Estimated factory overhead (75% of direct labor cost) Total estimated costs Markup (40% of production costs) $1,830 732 Total estimate $2,562 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 $33 $495 114 19 meters at $33 627 Time Ticket No. Description Amount H10 12 hours at $20 $240 H11 16 hours at $20 320 JUD ORDER LUSI SOCCI Customer Jackson Consulting Date October 1 Date wanted October 10 Date completed October 10 Job. No. ESTIMATE Direct Materials Direct Labor Summary Amount Amount Amount 30 Meters at $33 24 Hours at $20 Direct Materials Direct Labor Factory Overhead Total $C Total Total cost ACTUAL Direct Materials Direct Labor Summary Mat. Reg. No. Description Amount Time Ticket No. Description Amount Item Amount Direct Materials 112 15 Meters at $33 H10 12 Hours at $20 Direct Labor 114 19 Meters at $33 H11 16 Hours at $20 Factory Overhead Total Total Total Cost