Baird 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 $ 77,aee 91,00 Home 2 $ 95,000 136,000 Home $183,000 189, een Assume Baird needs to allocate two major overhead costs ($71,000 of employee fringe benefits and $8,320 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 Allocation Ratex Weight of Base Allocated Cost $ 0 1 2 3 0 0 X Total S 0 Indirect Materials: Home Allocation Rate X Weight of Base - Allocated Coat $ 0 1 0 2 3 x 0 0 Total $ The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Home Total Assume Baird needs to allocate two major overhead costs ($71,000 of employee fringe benet among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs and determine the total cos rate" to 2 decimal places.) Fringe Benefits: Home Allocation Rate x Weight of Base = Allocated Cost $ 1 11 X 2 3 Total 0 0 X = $ 0 Indirect Materials: Home Allocation Rate * Weight of Base = Allocated Cost $ Il 2 0 = = 3 0 Total $ 0 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 $ $ 0 0 0 0 $ 0 $