Shimmer Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year $2020.$ Machine setup$-$hours is the only driver of manufacturing overhead costs. Shimmer has a set up capacity of $2,660$ hours.

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Calculate the manufacturing overhead costs budget $($label it Schedule $5).$

Schedule $5$: Manufacturing Overhead Costs Budget

for the Year Ending December $31,2020$

Machine Setup Overhead Costs

Total manufacturing overhead costs

Data table

$\backslash$table$[[,$Knox,Ayer$],[1.$ Quantity of lamps to be produced,$23,000$ lamps,$12,000$ lamps$],[2.$ Number of lamps to be produced per batch,$50$ lamps$/$batch$,200$ lamps$/$batch$],[3.$ Setup time per batch,$5$ hours$/$batch$,6$ hours$/$batch$],[$Variable cost $=$$$65$ per setup$-$hour,,$],[$Fixed cost $=$$$71,000,,]]$