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Georgetown Metal Works produces two types of metal lamps. Georgetown manufactures 30,000 basic lamps and 7,200 designer lamps, Its activity-based costing system uses two indirect-cost
Georgetown Metal Works produces two types of metal lamps. Georgetown manufactures 30,000 basic lamps and 7,200 designer lamps, Its activity-based costing system uses two indirect-cost pools. One cost pool is for setup costs and the other for general manufacturing overhead. Georgetown allocates setup costs to the two lamps based on setup labour-hours and general manufacturing overhead costs on the basis of direct manufacturing labour-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 Georgetown's activity-based costing system. Direct materials per lamp \begin{tabular}{llll} Basic Lamps & Designer Lamps & Total \\ \hline$ & 13 & $ & 18 \end{tabular} Direct manufacturing labour-hours per lamp 0.4 hours 0.9 hours Direct manufacturing labour rate per hour $30$30 Setup costs Lamps produced per batch 300 Setup-hours per batch 1 hour 3 hours General manufacturing overhead costs $231,600 Now calculate the budgeted direct costs of basic and designer lamps if Georgetown allocates overhead costs in each department using activity-based costing. Then complete the indirect allocation of costs for the basio and designer lamps. Lastly, in each case calculate the totals for both types of lamps combined. (Use the general manufacturing overhead rate rounded to six decimal places, $XXX in any calculations. Round the total amounts to the nearest whole dollar and round all per unit amounts to two decimal places.)
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