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 Home 1 $ 60,000 Home 2 $ 91,000 132,000 Home 3 $177,000 193,000 Direct materials 91,000 Assume Benson needs to allocate two major overhead costs ($49,200 of employee fringe benefits and $16,640 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 Rate x Weight of Base Allocated Cost 1 X x S Allocation Rate x Weight of Base Allocated Cost X x W 3 x Total The cost components to determine the total cost of each house: Home 1 Home 2 Expected Costs ces Mc Graw Hill 2 3 Total Indirect Materials: Home 1 2 Direct labor Direct materials Fringe benefits a Home 3