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

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Thornton Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Assume Thornton needs to allocate two major overhead costs (\$69,400 of employee fringe benefits and \$21,700 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 declmal places.) Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of eac rate" to 2 decimal places.)

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