Quaint Connstruction Inc. is a home builder in Arizona. Quaint usesa 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 cost. For the year, it is estimated construction overhead of $1,100,000 and total direct labor cost of $2,750,000. The following events occurred during in August:

More Info a. Purchased materials on account, $400,000. b. Requisitioned direct materials and used direct labor in construction. Record the materials requisitioned. Direct materials Direct labor House 402 54,000 42,000 68,000 House 403 35,000 63,000 57,000 House 404 85,000 53,000 House 405 c. The company incurred total wages of $200,000. Use the data from item b to assign the wages d. Depreciation of construction equipment, $6,200 e. Other overhead costs incurred on houses 402 through 405 Indirect labor 13,000 Equipment rentals paid in cash 37,000 3,000 Worker liability insurance expired Assume that these indirect labor costs are in addition to the total wages from item c. f. Allocated overhead to jobs Print Done