Renant Carpet Compensattas somental carpeting for togs Rent Carpet Campan and actual costs are noted on the chest. The data are then avalable to management in sating the effiency of 12.520 carpet the consulting firm's wely leased office. The estimate was had 30 sqft $32 Estimated direct labor 36 hours at $30 per hour Estimated factory overhead (75% of direct labor st Tutal estimated cos Parkup (40% of production costs) $2,300 On October 3, Jackson Consulting signed a purchase contract, and the delivery and The related metals requisitions and ne tickets are smarted a flows Materials Requisition No. Description Amount 112 134 1983 Time Ticket No. Description A HIS 3 hours at $30 1240 HIS 12 hours at $30 300 Required: Enter amounts as postive numbers 1. Complete that portion of the job order cant sheet that will be rewed when the estimate is given to the 2. Recard the costs inarred and complete the job order contest 300 ORDER COST SHEET 1. Complete that portion of the job der sheet that would be red when the win 2. Record the ad and complete the job onder cost 300 ORDER COST SHEET Custo O 30s at 32 Tot Direct Materials A Total ACTUAL Mat. Reg. No Direct Materials Description Amount Time Ticket H Description 210 15 33 E 312 tal 12 Hours at 30 10 S A Factory Overhead Tital c Somary Factory Overhead C what is the best explanation for the variances between actual costs and einated cost for this, that the anal fat of the satisfactory, and an inexperienced employee performed the work) 30 se ft. at 132 Direct Materials Amount ESTIMATE Direct Laber Amount Total Total ACTUAL Direct Materials Mat. Reg. No. Description Amount Time Ticket Ho Direct Labor Description Amount 310 15 st. at $32 312 1932 Total Semary D Dr Lab Factory Overhead Det Labor Factory Overhea Summary Am What is the best explanation for the variances between actual costs and estimated costs (for this purs, aue that the addional st satisfactory, and an inexperienced amployee perfumed the work) The direct materials cost exceeded the estimate by $128 because are feet of materials were sted. The de taberested the state by 120 because an a The factory overhead cost exceeded the estimate because an additional $90 of factory evertead was ascated because of these indret bo h. Management didn't provide enough direction to complete tasks on d The dect materials cost exceeded the estimate by 596 because 3 are feet of materials d. The direct labor cost exceeded the estimate by $360 because an additional 4 hours of labor wered by a Select the correct answer from the above choices. Check My Wark 2 more Check My Wak