Benedict Metal Works produces two types of metal lamps. Benedict 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, Benedict 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 Benedict'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 Budgeted setup hours Budgeted setup rate S S 114,000 475 = $ 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 Budgeted manufacturing labor hours = Budgeted MOH rate S 111,150 11,850 $ 9.379747 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Benedict 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 - X Total Per unit 7.00 $ Data table Total 168,000 $ 288,000 Designer lamps Total Per unit 90,000 $ 20.00 $ 67,500 15.00 $ 258,000 355,500 12.00 Direct materials Direct manufacturing labor Total direct costs Indirect costs of activities Setup of lamps 456,000 19.00 157,500 35.00 613,500 Basic Lamps Designer Lamps $ 20 Total $ 7 240001 0.4 hours 0.5 hours 90045.5696 General manufacturing overhead Total indirect costs allocated $ 30 $ 30 Direct materials per lamp Direct manufacturing labor-hours per lamp Direct manufacturing labor rate per hour Setup costs Lamps produced per batch Setup-hours per batch General manufacturing overhead costs $ 114.000 Total costs 240 36 1 hour 3 hours Etext pages Calculator $ 111,150