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letamp;#39;s take a look at this problem involving a job order cost system and iamp;#39;ll read the problem to you terry furniture company refinishes and reupholsters furniture terry uses a job order cost system when a prospective customer asks 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 cost 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 cost are noted on the sheet the data are then available to management and evaluating the efficiency of operations and preparing quotes on future jobs on june 1st 2010 an estimated one thousand eighty seven dollars and eighty cents for reupholstering two chairs and a couch was given to ted austin the estimated cost were based on the following data and you can see on the middle of the screen they were expecting to use 24 meters of dire
