Metal Works produces two types of metal lamps. manufactures 22,000 basic lamps and 5,200 designer lamps. Its simple costing system uses a 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
Benedict Metal Works produces two types of metal lamps. Benedict manufactures 22,000 basic lamps and 5,200 designer lamps. Its simple costing system uses a 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 Benedict'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 rate. (Abbreviations used: MOH = Manufacturing Overhead.) Budgeted indirect manufacturing costs $ 250,320 Budgeted manufacturing labor hours 11,920 Budgeted MOH rate per manufacturing labor-hour $ 21 Now calculate the total budgeted costs and per unit costs of the basic and designer lamps using Benedict's simple costing system. (Round all per unit amounts to two decimal places.) Basic lamps Total Per unit Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs Benedict Metal Works produces two types of metal lamps. Benedict manufactures 22,000 basic lamps and 5,200 designer lamps. Its simple costing system uses a 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 Benedict'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 rate. (Abbreviations used: MOH = Manufacturing Overhead.) Budgeted indirect manufacturing costs $ 250,320 Budgeted manufacturing labor hours 11,920 Budgeted MOH rate per manufacturing labor-hour $ 21 Now calculate the total budgeted costs and per unit costs of the basic and designer lamps using Benedict's simple costing system. (Round all per unit amounts to two decimal places.) Basic lamps Total Per unit Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs
