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

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Accounting

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Franklin Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows Expected cost Home 1 Ho2 Direct labor $ 74,000 $100,000 3173,000 Direct materials 100,000 142,000 100,000 Assume Franklin needs to allocate two major overhead costs (552,650 of employee fringe benefits and $12.900 of indirect materials costs) among the three jobs Required Choose an appropriate cont driver for each of the overhead costs and determine the total cost of each house (Round "Allocation rote" to 2 decimal places.) Flage Ben Monte Allocation Rate Weltof Base - Allocated Cost 1 2 3 Total Allocation Rate Weight of Base Allocated Cost X Indirect Material: Hone 1 2 3 Total Home Total The cost components to determine the total cost of each house Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost

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