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Amherst Metal Works produces two types of metal lamps. Amherst manufactures 20,000 basic lamps and 5,000 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. Amherst allocates setup 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: E: (Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Amherst'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 $ 114,000 380 = $ 300 per setup labor-hour Now calculate the overhead rate for general manufacturing overhead. (Abbreviations used: MOH = Manufacturing Overhead. Round your answer to six decimal places, $X.XXXXXX.) Budgeted MOH costs Budgeted manufacturing labor hours Budgeted MOH rate $ 120,000 13,000 $ 9.230769 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Amherst allocates overhead costs in each department using activity-based costing. Then complete the indirect allocation of costs for the basic and designer lamps. (Use the general manufacturing overhead rate rounded to six decimal places, $X.XXXXXX in any calculations. Round the total amounts to the nearest whole dollar and round all per unit amounts to two decimal places.) Basic lamps Designer lamps Total Per unit Total Per unit Total Direct materials $ 160,000 $ 8.00 $ 75,000 $ 15.00 $ 235,000 260,000 200,000 10.00 60,000 12.00 Direct manufacturing labor Total direct costs 360,000 18.00 135,000 27.00 495,000 Indirect costs of activities Amherst Metal Works produces two types of metal lamps. Amherst manufactures 20,000 basic lamps and 5,000 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, Amherst allocates setup 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 Amherst's activity-based costing system. Now calculate the overhead rate for general manufacturing overhead. (Abbreviations used: MOH = Manufacturing Overhead. Round your answer to six decimal places, $X.XXXXXX.) Budgeted MOH costs Budgeted manufacturing labor hours Budgeted MOH rate $ 120,000 13,000 $ 9.230769 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Amherst allocates overhead costs in each department using activity-based costing. Then complete the indirect allocation of costs for the basic and designer lamps. (Use the general manufacturing overhead rate rounded to six decimal places, $X.XXXXXX in any calculations. Round the total amounts to the nearest whole dollar and round all per unit amounts to two decimal places.) Basic lamps Designer lamps Total Per unit Total Per unit Total Data Table Direct materials $ 160,000 $ 8.00 $ 15.00 $ 75,000 $ 60,000 235,000 260,000 200,000 10.00 12.00 Direct manufacturing labor 360,000 Total direct costs 18.00 135,000 27.00 495,000 Total Basic Lamps Designer Lamps $ 8 $ 15 Indirect costs of activities Setup of lamps 0.5 hours 0.6 hours $ 20 $ 20 General manufacturing overhead 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 $ 114,000 Total indirect costs allocated 250 50 Total costs 1 hour 3 hours $ 120,000
