Rooney 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 $ 62,000 92,000 Home 2 2 Home 3 $104,000 $183,000 131,000 181,000 Assume Rooney needs to allocate two major overhead costs ($52,350 of employee fringe benefits and $16,160 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 1 Allocation Rate x Weight of Base = Allocated Cost X = 2 = 3 = Total Indirect Materials: Home Allocation Rate x Weight of Base = Allocated Cost 1 X 2 3 X Total Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost