Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Benson Construction Company expects to build three new homes during a specific accounting period. The estimated direct materiale and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 76,000 101,000 Home 2 $ 95,000 140,000 Home 3 $177,000 181,000 Assume Benson needs to allocate two major overhead costs ($52,200 of employee fringe benefits and $29,540 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 * Woight of Base Allocated Cost $ 0 1 XX 0 2 0 11 3 Home Allocation Rate x Weight of Base Allocated Cost 1 - $ 0 2 X = 0 3 0 Total $ 0 Indirect Materials: Home Allocation Rate * Weight of Base Allocated Cost $ 0 1 2 3 111111 0 Total Home 3 Total A 0 0 The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost $ 0 $ 0 olo $ 0 $ 0 Prey 1 of 3 Next >