Question 1, T15-1 (similar to) Part 4 of 4 HW Score: 31.94%, 3.83 of 12 points Points: 0.83 of 1 Save Stanford Metal Works produces two types of metal lamps. Stanford manufactures 23,000 basic lamps and 5,100 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 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 rate. (Abbreviations used: MOH Manufacturing Overhead.) Budgeted indirect manufacturing costs Budgeted manufacturing labor hours 364,000 14,560 Budgeted MOH rate $25 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 to two decimal places.) Basic lamps. Designer lamps Total Per unit Total Per unit Total Direct materials $ 230,000 $ 10.00 $ 96,900 $ 19.00 Direct manufacturing labor 345,000 15.00 91,800 18.00 Total direct costs 575,000 25.00 188,700 37.00 287,500 12.50 76,500 15.00 Indirect costs allocated $ 862,500 $ 37.50 $ 265,200 $ 52.00 Total costs