Walton 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 $ 64,000 101,000 Fringe Benefits: Home 1 2 3 Total Home 2 $ 94,000 138,000 Assume Walton needs to allocate two major overhead costs ($33,500 of employee fringe benefits and $34,880 of indirect materials costs) among the three jobs. Indirect Materials: Home 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.) Allocation Rate x Weight of Base = Allocated Cost Allocation Rate Home 3 $177,000 197,000 X X X x Weight of Base = = = Allocated Cost

Walton Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Assume Walton needs to allocate two major overhead costs ($33,500 of employee fringe benefits and $34,880 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 piaces.) Fringe Benefits: \begin{tabular}{|c|c|c|c|c|c|} \hline Home & Allocation Rate & x & Weight of Base & = & Allocated Cost \\ \hline 1 & & & & = & \\ \hline 2 & & x & & = & \\ \hline 3 & & x & & = & \\ \hline Total & & & & & \\ \hline \end{tabular} Indirect Materials: \begin{tabular}{|c|c|c|c|c|c|} \hline Home & Allocation Rate & x & Weight of Base & = & Allocated Cost \\ \hline 1 & & x & & = & \\ \hline 2 & & x & & = & \\ \hline 3 & & x & & = & \\ \hline Total & & & & & \\ \hline \end{tabular} The cost components to determine the total cost of each house: \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Expected Costs } & Home 1 & Home 2 & Home 3 & Total \\ \hline Direct labor & & & & \\ \hline Direct materials & & & & \\ \hline Fringe benefits & & & & \\ \hline Indinect materials & & & & \\ \hline \end{tabular}