Longman 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 3Direct labor $ 70000 $ 96.000 $ 184,000Direct materials 90000 144,000 186,000Assume Longman needs to allocate two major overhead costs ($52,500 of employee fringe benefitsand $12,600 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 eachhouse. You need to allocate the fringe benefits one way and the indirect materials another way. Onceyou determine the allocated amounts, compute the total cost of each house including labor and materials