Ch 12 HwG Help Save & Exit Submit Check my work Exercise 12-8 Allocating costs among products LO 12-3 Franklin Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor COsts are as follows: Home 3 $76,000 99,000 $172,000 90,000 145, 000 182,000 Direct naterials Assume Franklin needs to allocate two major overhead costs ($52,050 of employee fringe benefits and $20,850 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.) House Rate x Weight of Base Allocated C Total House Allocation Rate x Weight of Base . Allocated C Total to determine the total cost of each house: Expected Costs Direct labor Direct materials Fringe benefits Indirect Materia Home 1 Home 2 Home 3 Total Total cost