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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 $ 79,000 106,000 Home 2 $105,000 145,000 Home 3 $171,000 187,000 Assume Stuart needs to allocate two major overhead costs ($53,250 of employee fringe benefits and $35,040 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 = Allocated Cost = $ 2 Total Allocation Rate x Weight of Base = Allocated Cost Indirect Materials: Home 1 2 3 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 L Fringe benefits Indirect materials Total cost $ 0 $ 0 L lololo O 0 0 0 $ 0 $

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