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5-1 Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 24,640 basic lamps and 6,250 designer lamps. Its simple costing system uses a
5-1 Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 24,640 basic lamps and 6,250 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manu- facturing labor-hours. It provides the following budgeted cost information: Total Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs Basic Lamps $ 5 0.4 hours $30 Designer Lamps $19 0.5 hours $30 $220,677 Calculate the total budgeted costs of the basic and designer lamps using Vanderbilt's simple costing system
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