Benson 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 $ 71,000 108,000 Home 2 $107.000 142,000 Home 3 $184,000 180,000 Assume Benson needs to allocate two major overhead costs ($54,300 of employee fringe benefits and $30,100 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 Allocation Rate Weight of Base Allocated Cost 2 Total Indirect Materials: House Allocation Rate Weight of Base Allocated Cost 2 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 UNTUUJU UIT UPPIUNGLE LUS UNIVer 187 each of the overhead costs and determine the total cost of each house "Allocation rate" to 2 decimal places.) Allocation Rate Weight of Base Fringe Benefits: House 1 12 3 - = Allocated Cost $ Total Allocation Rate Weight of Base - Allocated Cost Indirect Materials: House 1 2 3 Total L X x - = $ The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor | $ 71,000 $ 107,000 Direct materials 108,000 142,000 Fringe benefits 10,650 16,050 Indirect Materials 7,560 9,940 $ 197,210 $ 274,990 Home 3 $ 184,000 180,000 27,600 12,600 $ 404,200 Total 362,000 430,000 54,300 30,100 876,400 $