es Fanya 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 Home 1 $40,000 direct labor 30,000 direct materials Home 2 $60,000 direct labor 50,000 direct materials Home 3 $100,000 direct labor 80,000 direct materials Assume Fanya needs to allocate two major overhead costs ($80,000 of employee fringe benefits and $40,000 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.)

Fanya Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Assume Fanya needs to allocate two major overhead costs ($80,000 of employee fringe benefits and $40,000 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.)