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 2 $64,000 $103,000 $179,000 138,000 Home 1 Home 3 101,000 196, 000 Assume Walton needs to allocate two major overhead costs($34,600 of employee fringe benefits and $30,450 of indirect materials costs) among the three jobs Fringe Benefits: House Allocation Rate Weight of Base Allocated Cost 0 Total Indirect Materials: House Allocation Rate Weight of Base Allocated Cost Total The cost components to determine the total cost of each house: Total Expected Costs Direct labor Direct materials Fringe benefits Indirect Materials Home 1 Home 2 Home 3 Total cost 0