Saved Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Vernon Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. $70,000 100,000 Hope 1 Bone 2 $104,000 145,000 Hone 3 $172,000 192.000 Assume Vernon needs to allocate two major overhead costs ($51,900 of employee fringe benefits and $8,900 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: Expected Conte Direct labor Direct materials Home Allocation Rata Weight of Base Allocated Cost 1 2 3 Total Prox 1 of 3 Next > Indirect Materials Hame Alocation Rate x Weight of Base Allocated Cost T 2 3 Satel 24 AP 60 8B 3 14 35 96 4 48 7 W E R T Y U 88 10 1 O P