Stanford Metal Works produces two types of metal lamps. Stanford manufactures 24,000 basic lamps and 4,500 designer lamps. Its activity-based costing system uses two indirect-cost pools. One cost pool is for set up costs and the other for general manufacturing overhead. Stanford allocates set up costs to the two lamps based on setup labor-hours and general manufacturing overhead costs 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 activity-based costing system. Begin by calculating the overhead rates for each of the two indirect-cost pools; set up costs and general manufacturing overhead. First select the formula, then enter the applicable amounts and calculate the rate. Begin with the overhead rate for set up costs. (Abbreviations used: MOH Manufacturing Overhead.) Budgeted setup costs 114,000 Budgeted setup hours 475 Budgeted setup rate = $ 240 per setup labor-hour Now calculate the overhead rate for general manufacturing overhead. (Abbreviations used: MOH = Manufacturing Overhead. Round your answer to six decimal places, $X.XXXXXX.) Budgeted MOH costs 583,500 Budgeted manufacturing labor hours Budgeted MOH rate 23,250 = $ 25.096774 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Stanford allocates overhead costs in each department using activity-based costing. Then complete the indirect allocation of costs for the basic and designer lamps. (Use the general manufacturing overhead rate rounded to six decimal places, $X.XXXXXX in any calculations. Round the total amounts to the nearest whole dollar and round all per unit amounts to two decimal places.) Basic lamps Designer lamps Total Per unit Total Per unit Total Data table Direct materials 336,000 $ Direct manufacturing labor 384,000 14.00 $ 16.00 76,500 $ 81,000 17.00 $ 18.00 Total direct costs 720,000 30.00 157,500 35.00 412,500 465,000 877,500 Direct materials per lamp Indirect costs of activities Setup of lamps 24000 Direct manufacturing labor-hours per lamp Direct manufacturing labor rate per hour 481858 General manufacturing overhead 505858 Total indirect costs allocated Setup costs Lamps produced per batch 1225858 Total costs Setup-hours per batch General manufacturing overhead costs Basic Lamps Designer Lamps Total $ 14 $ 17 0.8 hours 0.9 hours $ 20 $ 20 $ 114,000 240 36 1 hour 3 hours $ 583,500 Print Done