price quoted by Bandix. The IT! 5-1 Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 24,640 basic lamps and 6,250 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manu- facturing labor-hours. It provides the following budgeted cost information: Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs Tetal Basic Lamps Designer Lamps $ 5 $19 0.4 hours 0.5 hours $30 $30 $220,577 Calculate the total budgeted costs of the basic and designer lamps using Vanderbilt's simple costing system.