Jon Cost Sheet Hallmark Furniture Company refinishes and reupholsters furniture. Hallmark Furniture uses a job order cost system. When a prospective customers for a price quote on a job, the estimated cost are inserted on an unnumbered job cost shoot. 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 shot. After the job completed, reasons for the variance between the estimated and actual costs are noted on the sheet. The data are the available to management in evaluating the money of operations and quotes on Muture jobs On February 14, 2071, an estimate of $3,081 for reupholstering a chair and couch was given to Millard Schmidt. The estimate was based on the following data Estimated direct materials 30 meters at $30 per meter 5.900 Estimated direct labore 28 hours at 5:30 per hour 340 Estimated factory overhead (75% of direct labor cost) 630 Total estimated COSES 52,379 Marloup (30 ot production costs) 211 $3.081 Total estimate On February 17, the chair and couch were placed up from the residence of Millard Schmidt, 315 White Oak Drive, Columbus, Georg, with a commitment to return them on March 15. The owes completed on March The rated materiais regions and times are summarized as follows: Ainprogresse The related materials requisitions and time tickets are summarized as follows: Materials Requisition No. Description Amount 122 5450 129 15 meters at 5:30 19 meters at 5:30 570 Time Ticket No. Description Amount T344 14 hours at $30 5420 T348 18 hours at $30 540 Instructions: 1. Complete the portion of the job cost shoot 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 cost sheet JOB COST SHEET Customer Miliard Schmidt Da February 14, 2011 Address 315 Wwe Oak Drive Date wanted March 15, 2011 Columbus, GA Date conted March 9, 2011 02.019 Reupholster couch and chair Job Nu 30 Meters a 330 2 Hours at $30 Direct Materiais Direct Labor Factory Overhead Total Total Toront ACTUAL Direct Materials Direct Labor Summary Mat. Reg. No. Description Amount Time Ticket No. Description Amount Item Amount Direct Materials 122 -15 Meters at 5:30 T344 14 hours at 30 Direct Labor 129 19 Meer at 30 7348 10 Hours at $30 Factory Overhead Total Total Total Cert