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Hallmark Furniture Company refinishes and reupholsters fumiture. Hallmark Fumiture uses a Job order cost system. When a prospective customer ass 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 effidencr of openations and in preparing quotes on future jobs. On February 14, 20Y1, an estimate of 53,528 for reupholstering a chair and couch was glven to Millard schmidt. The extimate was bawed on the Codtouilon dstar. On February 17, the chair and conch were picked up trom the residence of Mallard Schmidt, 315 white Oak Orive. Columbus, Geocia, with a On February 17, the chair and couch were picked up from the residence of Millard Schmidt, 315 White Oak Drive, Columbus, Georgia, with a commitment to return them on March 15. The job was completed on March 9. The related materials requisitions and time tickets are summarized as follows: Instructions: 1. Complete the portion of the job cost sheet that would be prepared when the estimate is given to the customer. 2. Assign number 02019 to the job, record the actual costs incurred, and complete the job cost sheet. Job Cost Sheet Hallmark Furniture Company refinishes and reupholsters fumiture. Hallmark Furniture uses a job order coot system. When a prospective customier asia 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 asalgned to the job, and the costs incurred are recorded in the usual manner on the job cost sheet. After the job is comploted, reasana for the variaces beliween the estimated and actual costs are noted on the sheet. The data are then available to management in evaluating the elficiency of operations and int preparing quotes on future jobs. On February 14, 20Y1, an estimate of $3.528 for reupholstering a chair and couch was given to Millard Schimidt. The estimate was baied on the following datat Invitructions: 1. Complete the portion of the job cost sheet that would be orepared when the elthate is given to the tirkomer. 2. Astign number 02-019 to the Job, record the actual coets incurred, and complete the job cost fteete

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