Why are you horrified? Why do you feel so uncomfortable? Your friend said no problem, so why are you making this a problem. Quilting is NOT a cheap craft. But what is? Have you checked the cost of yarn for knitting? Not cheap at all. The costs of paints are not cheap either. Fabric is not cheap, nor are threads, backing fabric,batting. You didn't charge anything for your labor,why didn't you charge for labor by the way? Was it because it was for a good friend? If you have made any other quilts, you really shouldn't be so surprised at the costs involved. Please, don't be so upset about this, your friend is O.K. with the cost, why aren't you?