Job. No ESTIMATE Direct Materials Direct Labor Summary Amount Amount Amount 30 Meters at $32 960 24 Hours at $20 480 Direct Materials 960 V Direct Labor 480 Factory Overhead 360 Total 960 Total 480 Total cost 1,800 ACTUAL Direct Labor Summary Direct Materials Description Mat. Reg. No. Amount Time Ticket No. Description Amount Item Amount Direct Materials 112 15 Meters at $32 H10 12 Hours at $20 Direct Labor 114 19 Meters at $32 H11 16 Hours at $20 Factory Overhead Total Total Total Cost Previous Next Check My Work Tu te management in evaluating te etency or operations and preparing quotes are one, gave Jackson Consulting an estimate of $2,520 to carpet the consulting firm's newly leased office. The estimate was based on the following data: Estimated direct materials: 30 meters at $32 per meter $ 960 Estimated direct labor: 24 hours at $20 per hour 480 Estimated factory overhead (75% of direct labor cost) 360 Total estimated costs $1,800 Markup (40% of production costs) 720 Total estimate $2,520 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 15 meters at $32 $480 114 19 meters at $32 608 Time Ticket No. Description Amount H10 12 hours at $20 $240 H11 16 hours at $20 320 Required