Job Order Cost Sheet temmant Cerpet Company sells and instals 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 oost 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. Ater the job is completed, reasons for the varances between the estimated and actual costs are noted on the theet. The data are then avalable to management evaluating the emoeney ef operations and i, prepring quotes on sture jobs. On October 1, Remnart Carpet Company gave Jackson Consuilting an estimate o $3,406 to carpet the consulting firm's newly leased office. The estimate was based on the following data: tstimated direct materis 40 meters at $34 per $1.360 Estimated drect labor: 24 hours a $30 per hour Estimated factory overhead (75% of direct labor cost) 720 540 2,620 Matup (30% of producten costs) Total estimate on October 3, Jackson Consulting signed a purtase ract, the delivery and rwtalater, were eermpleted on October to. The related materialis requisitions and time tickets are summarized as follows Materials Requisition No. 112 3,406 20 meters at $34 e80 24 meters at %34 816 Time Tirket No. 12 hours at $30 360 16 hours at $30 Required