Light Up Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. Machine setup-hours is the only driver of manufacturing overhead costs. Light Up has a set up capacity of 743 hours. EEB (Click the icon to view the information.) Calculate the manufacturing overhead costs budget (label it Schedule 5). Schedule 5: Manufacturing Overhead Costs Budget for the Year Ending December 31, 2017 Machine Setup Overhead Costs Fixed costs Number of lamps to be produced per batch Quantity of lamps to be produced Setup time per batch Total machine setup overhead costs Variable costs Data Table 1 Knox Ayer 23,000 lamps 15,000 lamps 1. Quantity of lamps to be produced 2. Number of lamps to be produced per batch 250 lamps/batch 4 hours/batch 200 lamps/batch 5 hours/batch 3. Setup time per batch Variable cost $70 per setup-hour Fixed cost- $75,000 Print Done