Question: please help #4 please use same format to answer the question to make easy to read . Exercise 12-8A (Algo) Allocating costs among products LO

Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Rooney 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 $106,000 $186,000 Direct materials 91,000 142,000 181,000 Assume Rooney needs to allocate two major overhead costs ($72,400 of employee fringe benefits and $24,840 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: Home Allocation Rate x Weight of Base = Allocated Cost x $ 0 1 0 2 II 0 0 3 X 11 0 0 Total $ $ 0 Indirect Materials: Home Allocation Rate x Weight of Base IN Allocated Cost 1 11 $ 0 11 0 2 3 Total = II 0 0 0 $ Home 3 Total $ 0 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 $ 0 0 0 0 $ 0 $ 0
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