Yale Metal Works produces two types of metal lamps. YaleYale manufactures $17$ comma $50017,500$ basic lamps and $6$ comma $1606,160$ 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. YaleYale 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:

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Calculate the total budgeted costs of the basic and designer lamps using YaleYale$\text{'}$s $$activity$-$based costing system.

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Part $1$

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

$151,200$

$-$:

$=$

per setup labor$-$hourYale Metal Works produces two types of metal lamps. Yale manufactures $17,500$ basic lamps and $6,160$ 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. Yale 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 Yale'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.$)$