1, T15-1 (similar to) Part 1 of 4 HW Score: 0%, 0 of 12 points Points: 0 of 1 Save Stanford Metal Works produces two types of metal lamps. Stanford manufactures 23,000 basic lamps and 5,100 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: (Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Stanford's simple costing system. Begin by calculating the budgeted indirect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amounts and calculate the rate. (Abbreviations used: MOH = Manufacturing Overhead.) + Budgeted MOH rate per manufacturing labor-hour Data table Basic Lamps Designer Lamps Direct materials per lamp $ 10 $ 19 Direct manufacturing labor per lamp 0.5 hours 0.6 hours Direct manufacturing labor rate per hour $ 30 30 Indirect manufacturing costs Total $ 364,000