Adams Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Home 1 Home 2 Home 3 Direct labor $ 66,000 $ 94,000 $ 174,000 Direct materials 102,000 130,000 199,000

Assume Adams needs to allocate two major overhead costs ($50,100 of employee fringe benefits and $30,170 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. (Round "Allocation rate" to 2 decimal places.)

Fringe Benefits: Home 1 = Allocation Rate x Weight of Base x Allocated Cost $ $ 2 3 Total $ Allocation Rate x Weight of Base Indirect Materials: Home 1 2 Allocated Cost $ $ 11 0 3 Total $ 0 The cost components to determine the total cost of each house: Home 1 Home 2 Home 3 Total $ 0 0 Expected Costs Direct labor Direct materials Fringe benefits Indirect materials Total cost 0 0 0 0 $ 0 $ 0