=+2. Assign number 00-10-23 to the job, record the costs incurred, and complete the job order cost sheet. Comment on the reasons for the variances between actual costs and estimated costs. For this purpose, assume that two meters ofmaterials were spoiled, the factory over¬

head rate has been proved to be satisfactory, and an inexperienced employee performed the work.

Custo Addre Item JOB ORDER C c>ST SHEET lob No.

ESTIMATE Direct Materials Direct Labor Summary meter at $

Amount hours at $

Amount Direct materials Direct labor Factory overhead Total cost Amount meter at $ hours at $

meter at $ hours at $

meter at $ hours at $

Total Total ACTUAL Direct Materials Direct Labor Summary Mat.

Req.

No.

Description Amount Mat.

Req.

No.

Description Amount Item Amount Direct materials Direct labor Factory overhead Total cost Total Total