Shimmer 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. Shimmer has a set up capacity of 754 hours. E (Click the icon to view the information.) Calculate the manufacturing overtiead costs budget (label it Schedule 5). Schedule 5: Manufacturing Overhead Costs Budget for the Year Ending December 31, 2017 Machine Setup Overhead Costs X Data Table Knox 19,000 lamps Ayer 9,000 lamps Fixed costs 1. Quantity of lamps to be produced 2. Number of lamps to be produced per batch 250 lampsbatch 4 hours/batch 100 lampsbatch 5 hours/batch Number of lamps to be produced per batch 3. Setup time per batch Variable cost = 565 per setup-hour Fixed cost = $70,000 Quantity of lamps to be produced Setup time per batch Total machine setup overhead costs Print Print Done Variable costs Shimmer 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. Shimmer has a set up capacity of 754 hours (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 Data Table Knox Ayer 19,000 lamps Fixed costs 9,000 lamps Total manufacturing overhead costs 1. Quantity lamps to be produced 2. Number of lamps to be produced per batch 3. Setup time per batch Variable cost = $65 per setup-hour Fixed cost = $70,000 250 lamps/batch 4 hours/batch 100 lamps/batch 5 hours/batch Print Done