Refer to the job cost information in Figure 2.10. Why is Custom Furniture Company comparing estimated product costs to actual product costs for each of the three jobs? Briefly summarize the results of this comparison. 

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Job 45 Job 40 Job 44 Estimate Actual Actual Actual Estimate Estimate Sales price Direct materials Direct labor Manufacturing overhead Total production costs Gross profit Gross profit as percent of total production costť“ $ 18,360 $ 1,500 3,300 6,000 $ 18,360 $ 3,500 3,800 6,200 $ 27,030 $ 2,800 $ 13,260 $ 2,500 2,300 4,100 $ 8,900 $ 4,360 $ 27,030 $ 13,260 $ 3,800 4,700 $ 1,100 2,400 4,300 7,800 $ 5,460 4,500 $ 15,900 $ 17,400 $ 9,630 $ 10,800 $ 7,560 $ 13,500 $ 4,860 11,130 55% 49% 70% 36% 70% 70%