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Exercise 12-8A (Algo) Allocating costs among products LO 12.3 Thornton Construction Company expects to build three new homes during a specific accounting period. The estimated direct matenials and labor costs are as follows. Assume Thornton needs to allocate two major overhead costs ($68,600 of employee fringe benefits and $35040 of indirect materials costs) among the three jobs Required Choose an appropiate cost dinvet for each of the ovethead costs and defermine the fotal cost of each fouse (Round "Allocation rote" to 2 decimol places.) Choose an appropriate cost diver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.)