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 $ $2,262 to carpet the consulting firms newly leased office. The estimate was based on the following data:

Estimated direct materials:
30 sq. ft. at $30 per sq. ft.	$ 900
Estimated direct labor:
24 hours at $20 per hour	480
Estimated factory overhead (75% of direct labor cost)	360
Total estimated costs	$1,740
Markup (30% of production costs)	522
Total estimate	$2,262

On October 3, Jackson Consulting signed a purchase contract, and the delivery and installation was completed on October 10.

The related materials requisitions and time tickets are summarized as follows:

Materials Requisition No.	Description	Amount
112	15 sq. ft. at $30	$450
114	19 sq. ft. at $30	570

Time Ticket No.	Description	Amount
H10	12 hours at $20	$240
H11	16 hours at $20	320

Required:

Enter amounts as positive numbers.

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 Customer Jackson Consulting Date Date wanted Date completed Job. No. October 1 October 10 October 10 ESTIMATE Direct Materials Direct Labor Summary Amount Amount Amount 30 sq. ft. at $30 24 Hours at $20 Direct Materials Direct Labor Factory Overhead Total cost Total Total ACTUAL Direct Materials Direct Labor Summary Mat. Req. No Description Time Ticket No Description Item Direct Materials Direct Labor Factory Overhead Total Cost Amount Amount Amount 12 Heurs at s20Dret Labor 310 15 sq. ft. at $30 H10 312 19 sq. ft. at $30 H11 16 Hours at $20 Total Total