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Cornell Metal Works produces two types of metal lamps. Cornell manufactures 22,000 basic lamps and 4,700 designer lamps. Its simple costing system uses a single
Cornell Metal Works produces two types of metal lamps. Cornell manufactures 22,000 basic lamps and 4,700 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 Cornell's simple sting systern. 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: MOHManufacturing Overhead.) Budgeted indirect manufacturing costsBudgeted manufacturing labor hours Budgeted MOH rate per manufacturing labor-hour Now calculate the tolal budgeled costs and per uri costs of the basic and desgner lamps using Cornell's sirple costng system. (Round all per unil amounts to two decimal places.) Basic lamps Designer lamps Data Table Total Per unit Total Per unit Total Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs Basic Lamps Designer Lamps Total Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour S Indirect manufacturing costs 0.6 hours 0.8 houra 3D $ 491,840 Print Done
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