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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. Assume

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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. Assume Munoz needs to allocate two major overhead costs $73,600 of employee fringe benefits and $17,000 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.) \begin{tabular}{|c|c|c|c|c|c|} \hline 3 & & x & & = & \\ \hline Total & & & & & \\ \hline & & & & & \\ \hline Indirect Materials: & & & & \\ \hline Home & AllocationRate & x & WeightofBase & = & AllocatedCost \\ \hline 1 & & x & & = & \\ \hline 2 & & x & & = & \\ \hline 3 & & x & & & \\ \hline Total & & & & & \\ \hline \end{tabular} The cost components to determine the total cost of each house: \begin{tabular}{|l|l|} \hline Expected Costs & Home 1 \\ \hline Direct labor & \\ \hline Direct materials & \\ \hline Fringe benefits & \\ \hline Indirect materials & \\ \hline Total cost & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Home 2 & & Home 3 & Total \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}

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