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Longman Construction Company expects to build three new homes during a specific accounting period The estimated direct and costs are as follows. Expected Costs Home
Longman Construction Company expects to build three new homes during a specific accounting period The estimated direct and costs are as follows. Expected Costs Home 1 Home 2 Home 3 Direct labor 63,000 90,000 $178,000 Direct materials 105.000 147,000 191.000 Assume Longman needs to allocate two major overhead costs ($46,340 of employee fringe benefits and $8,860 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 3 decimal places.) Fringe Benefits: House Allocation Rate x Weight of Base Allocated Cost 1 2 0 Total
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