Gibson Construction Company expects to build three new homes during a specific accounting period. The estimated direct materia and labor costs are as follows rlals Expected Costs Direct labor Home 1 Home 2 Home 3 71,e08 186,008 $184,000 147,eee $176,ee0 188,008 Direct materials Assume Gibson needs to allocate two major overhead costs ($52650 of employee fringe benefits and $30,870 of Indirect materlals costs) among the three jobs. Required Choose an approprlate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocatlon rate" to 2 decimal places.) Fringe Benefits: Allocation Rate xWeight of Base House Allocated Cost C 0 C Total C Indirect Materials: x Weight of Base Allocated Cost House Allocation Rate C 2. 0 3 C C Total The cost components to determine the total cost of each house: Total Expected Costs Home 1 Home 2 Home 3 Direct labor 0 Direct materials C Fringe benefits 0 Indirect Materials C 0 0 0 Total cost |