Thornton 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 Home 2 Home 3 $ 73,000 $ 92,000 $186,000 108,000 143,000 192,000 Assume Thornton needs to allocate two major overhead costs ($52,650 of employee fringe benefits and $22,150 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 Weight of Base = Allocated Cost 1 = 2 = 3 X = Total Indirect Materials: Home Allocation Rate * Weight of Base = Allocated Cost 1 2 = = 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Home 3 Total Direct materials Fringe benefits Indirect materials Total cost