I found this post on another upholsterers website. I thought it was a great way to break down the costs and time involved in reupholstering a chair such as the one shown in the picture.
This is a great article for those of you who have not yet hand anything reupholstered. The article gives you and idea of what to expect when looking into re-upholstery.
Here is the link to view the full article – http://www.bhg.com/decorating/do-it-yourself/fabric-paper-projects/what-you-need-to-know-before-you-reupholster/