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 $9,450 to carpet the consulting firms newly leased office. The estimate was based on the following data:

Estimated direct materials:
200 meters at $35 per meter	$7,000
Estimated direct labor:
16 hours at $20 per hour	320
Estimated factory overhead (75% of direct labor cost)	240
Total estimated costs	$7,560
Markup (25% of production costs)	1,890
Total estimate	$9,450

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	140 meters at $35	$4,900
114	68 meters at $35	2,380

Time Ticket No.	Description	Amount
H10	10 hours at $20	$200
H11	10 hours at $20	200

Required: