T16-3 (similar to) Question Help Firelight 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. Firelight has a set up capacity of 612 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 24,000 lamps 11,000 lamps 1. Quantity of lamps to be produced 2. Number of lamps to be produced per batch Total manufacturing overhead costs 100 lamps/batch 250 lamps/batch 2 hours/batch 3 hours/batch 3. Setup time per batch Variable cost = $55 per setup-hour Fixed cost = $79,000 Print Done