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Stuart Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows: Expected

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Stuart 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 $ 74,000 98,000 Home 2 $ 93,000 133,000 Home 3 $183,000 199,000 Assume Stuart needs to allocate two major overhead costs ($52,500 of employee fringe benefits and $34,400 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: House Allocation Rate x Weight of Base Allocated Cost 1 $ 0 2 X 0 3 X 0 Total $ 0 Indirect Materials: House Allocation Rate x Weight of Base Allocated Cost 0 1 2 = 0 3 0 Total $ 0 The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Home 3 Total Direct labor $ 0 Direct materials O Fringe benefits 0 0 Indirect Materials O Total cost 0 0 $ 0

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