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fill in all blanks for thumbs up Fanya Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials
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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 Conta 30,000 80,000 Home 1 $40,000 Home 2 $60,000 50,000 Home 3 $100,000 Direct labor Direct materiala 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. 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 Weight of Base Allocated Cost $ 0 X 1 2 O O x 3 0 Total $ 0 Indirect Materials: Home Allocation Rate Weight of Base 1 Allocated Cost 5 0 0 X X 2 3 Total X 0 0 $ Home 3 Total $ 0 The cost components to determine the total cost of each house: Expected Conto Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect Materials Total cost $ 0 $ 0 0 0 0 $ 0 $ 0 Step by Step Solution
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