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	Home 1	Home 2	Home 3
Direct labor	$ 70,000	$ 99,000	$ 170,000
Direct materials	99,000	133,000	195,000

Assume Walton needs to allocate two major overhead costs ($33,900 of employee fringe benefits and $21,350 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.

Note: Round "Allocation rate" to 2 decimal places.

\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{6}{|l|}{ Fringe Benefits: } & \\ \hline Home & Allocation Rate & x & Weight of Base & = & Allocated Cost & \\ \hline 1 & & x & & = & $ & \\ \hline 2 & & x & & = & 0 & \\ \hline 3 & & x & & = & 0 & \\ \hline Total & & & & & $ & \\ \hline \multicolumn{6}{|l|}{ Indirect Materials: } & \\ \hline Home & Allocation Rate & x & Weight of Base & = & Allocated Cost & \\ \hline 1 & & x & & = & $ & \\ \hline 2 & & x & & = & 0 & \\ \hline 3 & & x & & = & 0 & \\ \hline Total & & & & & $ & \\ \hline \multicolumn{7}{|c|}{ The cost components to determine the total cost of each house: } \\ \hline Expected Costs & Home 1 & & Home 2 & & Home 3 & Total \\ \hline Direct labor & & & & & & $ \\ \hline Direct materials & & & & & & 0 \\ \hline Fringe benefits & & & & & & 0 \\ \hline Indirect materials & & & & & & 0 \\ \hline Total cost & $ & & 0 & & $ & $ \\ \hline \end{tabular}