Jordan 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 Home 1 Home 2 Home 3 Direct labor 65,000 $ 92,000 $ 170,000 Direct materials 92,000 131,000 200,000 Assume Jordan needs to allocate two major overhead costs ($49,050 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 * Weight of Base = Allocated Cost 1 X S 2 3 = Total S Indirect Materials: Home Allocation Rate | x |Weight of Base |=|Allocated Cost 1 S 2 11 11 11 0 3 Total S The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Home 3 Total Direct labor 0 Direct materials Fringe benefits Indirect materials Total cost S 0 $ S 0 $ 0