6 Franklin Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials: and labor costs are as follows. 10 Expected Costs points Direct labor Direct materials Book 10 10 References Hone 1 $ 60,000 95,000 Home 2 $ 109,000 140,000 Home 3 $184,000 182,000 Assume Franklin needs to allocate two major overhead costs ($70,600 of employee fringe benefits and $29,190 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. Note: Round "Allocation rate" to 2 decimal places. Fringe Benefits: Home Allocation Rate x Weight of Base Allocated Cost 1 $ 0.50 x $ 2 S 5.00 x 0 3 5.00 x Total $ 0 Indirect Materials: Home Allocation Ratex Weight of Base Allocated Cost 1 2 3 Total $ 0 $ The cost components to determine the total cost of each house Expected Costs Direct labor Direct materials Fringe benefits Indirect materials Total cost Home 1 Home 2 Home 3 Tital 0 0 0 o $ 0