Homework: Chapter 5 HW Score: 59.17%, 7.1 of 1 of 7 (5 complete) Score: 0.1 of 1 pt W T15-1 (similar to) E Question Help Stanford Metal Works produces two types of metal lamps. Stanford manufactures 18,000 basic lamps and 5,300 designer lamps. Its simple costing system uses 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 (Abbreviations used MOH = Manufacturing Overhead) Budgeted indirect manufacturing costs / Budgeted manufacturing labor hours Budgeted MOH rate 217,380 11.440 5 19 per manufacturing labor hour Now calculate the total budgeted costs and per unit costs of the basic and designer lamps using Stanford's simple costing system (Round all per unit amounts decimal places) Basic lamps Total Per unit Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs Enter any number in the edit fields and then click Check Answer Check Answer o tvbes Medildi . Ular TuruUICU TUUL ates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following bud mation.) of the basic and designer lamps using Stanford's simple costing system. indirect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amou |tacturine ahead Data Table Total Basic Lamps $ 11 0.4 hours $ Designer Lamps $ 20 0.8 hours Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs 20 $ 217,360 Print Done fields and then click Check