PR 1 7-3A Job order cost sheet OBI 2, 3 Cheng Furniture Company refinishes and reuphoIsters furniture. Cheng Furniture uses a job order cost system. When a prospective customer asks for a price quote of 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 September 3, 2014, an estimate of $3,050 for reupholstering a sofa and loveseat was given to John Jobs. The estimate was based on the following data: PR 1 7-3A Job order cost sheet OBI 2, 3 Cheng Furniture Company refinishes and reuphoIsters furniture. Cheng Furniture uses a job order cost system. When a prospective customer asks for a price quote of 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 September 3, 2014, an estimate of $3,050 for reupholstering a sofa and loveseat was given to John Jobs. The estimate was based on the following data