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. Solomon 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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. Solomon 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 $ 65,000 96,000 Home 2 $ 91,000 137,000 Home 3 $175,000 188,000 Assume Solomon needs to allocate two major overhead costs ($33,100 of employee fringe benefits and $16,840 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: Allocation Rate * Weight of Base Allocated Cost S 0 x 0 Home 1 2 3 Total 0 0 Indirect Materials Home Allocated Cost Allocation Rate x Weight of Base Fringe Benefits: Home Allocation Rate * Weight of Base = Allocated Cost 1 1111 x $ 0 2 X 0 3 1101 X 0 Total A 0 Allocation Rate * Weight of Base Indirect Materials: Home 1 2 Allocated Cost 0 $ XXX 11111 0 3 0 A 0 Total Home 3 Total $ 0 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 $ 0 $ 0 0 0 0 $ 0 $

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