Accounting, 9e P17-25A Accounting for construction transactions LO 2,3,4 [30-45 minutes] Students please fill-in areas that are shaded Student Name Course Name Student ID: Date: Quaint Construction, Inc., is a home builder in Arizona. Quaint uses a job order costing system in which each house is a job. Because it constructs houses, the company uses an account titled Construction overhead. The company applies overhead based on estimated direct labor costs. For the year, it estimated construction overhead of $1,100,000 and total direct labor cost of $2,750,000. The following events occurred during August: a. Purchased materials on account, $400,000. b. Requisitioned direct materials and used direct labor in construction. Record the materials requisitioned