Yale Metal Works produces two types of metal lamps Yale manufactures 24,000 basic lamps and 5,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps 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 Yale's simple costing system Begin by calculating the budgeted indirect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amounts and calculate the rate (Abbreviations used MOH Manufacturing Overhead.)) Budgeted MOH rate per manufacturing labor-hour Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs Basic Lamps Designer Lamps $ 13 $ 18 0.4 hours 0.7 hours 57 $ 20 20 $ 20 20 Total $ 282,450