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rsity Saved Rundle Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as
rsity Saved Rundle Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Coats Direct labor Direct materials Home 1 $ 74,000 92,000 Home 2 $100,000 149,000 Home 3 $176,000 184,000 Assume Rundle needs to allocate two major overhead costs ($70,000 of employee fringe benefits and $29,750 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 1 X . Allocated Cost $ 0 0 2 X X 3 Total 0 S 0 Indirect Materials: Home Allocation Rato Weight of 1 x + Alodatud Cost S 0 0 0 X 2 3 Total X $ 0 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 S 0 0 0 Prov 1 of 3 Next >
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