12 HW- Ex12-B& P12-18 Exercise 12-8 Allocating costs among products LO 12-3 Runde Construction Company expects to build three new homes during a specitic accounting perlod. The estimated direct materials and labor costs are as follows Assume Runde needs to allocate two major overhead costs (535,900 of employee fringe benefits and $34,480 of indirect materials costsj among the three jobs Required Choose an appropriate cost driver for each of the overhead costs and dedeemine the total cost of each house (Round Allocation re to 2 decimai pleces