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Job Cost Sheet Estimated direct materials: 40 meters at $34 per meter Estimated...

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Accounting

Job Cost Sheet
Estimated direct materials:
40 meters at $34 per meter
Estimated direct labor:
28 hours at $20 per hour
Estimated factory overhead (75% of direct labor cost)
Total estimated costs
Markup (40% of production costs)
Total estimate
$1,360
On October 3, Jackson Consulting
proven to be satisfactory, and an inexperienced employee performed the work.) inexperienced employee. The factory overhead cost exceeded the estimate because an additional $60 of factory overhead was allocated because of the increase in direct labor.
b. Management didn't provide enough direction to complete tasks on budget.
c. The direct materials cost exceeded the estimate by $75 because 3 meters of materials were spoiled.
d. The direct labor cost exceeded the estimate by $120 because an additional 4 hours of labor were used by an inexperienced employee.
Select the correct answer from the above choices. 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:
\table[[Materials Requisition No.,Description,Amount],[112,20 meters at $34,$680
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