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Munoz Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows.

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Munoz 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 Direct labor Direct materials Home 1 $76,000 101,000 Home 2 $109,000 Home 3 $189,000 138,000 187,000 Assume Munoz needs to allocate two major overhead costs ($56,100 of employee fringe benefits and $8,520 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 x Weight of Base Allocated Cost 1 2 3 x x x Total Indirect Materials: Home Allocation Rate x Weight of Base Allocated Cost 1 x 2 x 3 Total X

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