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 Direct labor Direct materials Home 1 $ 74,000 184, eee Home 2 $ 92,600 132,eee Home 3 $184,000 191, eee Assume Adams needs to allocate two major overhead costs ($52,500 of employee fringe benefits and $8,540 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: House 1 Allocation Rate * Weight of Base = Allocated Cost 2 X = 3 Total Indirect Materials: House Allocation Rate x Weight of Base = Allocated Cost 1 = = 2 3 Total X = Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect Materials Total cost