Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Stuart 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 Direct materials Home 1 $72,000 102,000 Home 2 $107,000 135,000 Bone 3 $179,000 186,000 Assume Stuart needs to allocate two major overhead costs ($35,800 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: Home Allocation Rate x Weight of Base Allocated Cost 1 2 x x 3 Total Indirect Materials: Home Allocation Rate x Weight of Base Allocated Cost 1 2 3 Total