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  3. campbell construction company expects to build thr

Campbell Construction Company expects to build three new homes during a specific accounting period. The...

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Accounting

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Campbell 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 Home 1 $62,000 99,000 Home 2 Home 3 $181,000 196,000 95,000 139,000 Direct materials Assume Campbell needs to allocate two major overhead costs ($50,700 of employee fringe benefits and $39,060 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: Allocation Rate x Weight of Base House Allocated Cost 1 0 2 X C 3 0 Total Indirect Materials: Allocation Rate x Weight of Base Allocated Cost House $ 0 2 0 X X 0 Total The cost components to determine the total cost of each house: Expected Costs Home 2 Home 1 Home 3 Total S Direct labor Direct materials Fringe benefits 0 Indirect Materials C Total cost 0 $ $ 0 C xx

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