Exercise 12-8 Allocating costs among products LO 12-3 Vernon Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows: prsdxa Joqet aauEa E auo 000'v0ts e00'sT eee'1LTS 000'28T 000'16 Assume Vernon needs to allocate two major overhead costs ($68,400 of employee fringe benefits and $12,690 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: Allocation Rate x Weight of Base asnoH 0 C Prev 1 of 3