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The Lamp Company (TLC) produces a variety of lamps in a highly automated manufacturing facility. The costs and cost drivers associated with four activity cost

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The Lamp Company (TLC) produces a variety of lamps in a highly automated manufacturing facility. The costs and cost drivers associated with four activity cost centers are given below. These data represent total costs for all types of lamps produced by the Company. (Round intermediate calculation to 2 decimal places.) Activity Center Overhead Cost Cost Driver Allocation Rate Unit-level $91,000 13,000 labor hrs $ 7 per labor hr Batch-level $37,200 600 setup $ 62 per setup Product-level $ 15,000 % of use Facility-level $72,600 72,600 units $ 1 per unit During the most recent accounting period TLC made 6,200 units of its small tiffany style lamps. Making the lamps required 1,200 labor hours, 42 setups, and consumed 20% of the product-level costs. If the Company uses direct labor hours as the single company wide cost driver, the amount of overhead cost allocated to the tiffany lamps is Multiple Choice 0 $5,400 0 $19,920. 0 $16,100. 0 $21,570 The Lamp Company (TLC) produces a variety of lamps in a highly automated manufacturing facility. The costs and cost drivers associated with four activity cost centers are given below. These data represent total costs for all types of lamps produced by the Company. Activity Center Overhead Cost Cost Driver Allocation Rate Unit-level $91,000 13,000 labor hrs $ 7 per labor hr Batch-level $37,200 600 setup $ 62 per setup Product-level $ 15,000 % of use Facility-level $72,600 72,600 units $ 1 per unit During the most recent accounting period TLC made 6,200 units of its tiffany type lamps. Making the lamps required 1,200 labor hours, 42 setups, and consumed 20% of the product-level costs. If the Company uses activity-based costing, the amount of overhead cost allocated to the tiffany lamps is Multiple Choice 0 $8,400. 0 $19,920. 0 $20,204. 0 $21,570

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