Harvard Metal Works produces two types of metal lamps. Harvard manufactures 24,640 basic lamps and 6,250 designer lamps. Its activity-based costing system uses two indirect-cost pools. One cost pool is for set up costs and the other for general manufacturing overhead. Harvard allocates set up costs to the two lamps based on setup labor-hours and general manufacturing overhead costs 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 Harvard's activity-based costing system. Begin by calculating the overhead rates for each of the two indirect-cost pools; set up costs and general manufacturing overhead. First select the formula, then enter the applicable amounts and calculate the rate. Begin with the overhead rate for set up costs. (Abbreviations used: MOH = Manufacturing Overhead.) Budgeted setup costs Budgeted setup hours Budgeted setup rate per setup labor-hour Data Table -X $ Direct materials per lamp Direct manufacturing labor-hours per lamp Direct manufacturing labor rate per hour Setup costs Lamps produced per batch Setup-hours per batch General manufacturing overhead costs Basic Lamps Designer Lamps Total $ 10 $ 13 0.4 hours 0.5 hours $ 30 30 $ 130,800 320 50 1 hour 2 hours $ 154,782 Print Done