Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 24,640 basic lamps and 6,250 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. Vanderbilt 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 Vanderbilt'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 130800 per setup labor-hour - X Data Table Total Basic Lamps Designer Lamps $ 5 $ 19 0.4 hours 0.5 hours $ 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 $ 130.800 320 50 1 hour 2 hours S 89.877 Print Done