Question: I just need help figuring out how the 320 setup hours was calculated. Ive tried going back through the my notes but am stuck. I

U corred 15-2 (similar to) Question Help Georgetown Metal Works produces two types of metal lamps. Georgetown manufactures 20,000 basic lamps and 3 300 designer tamps, 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 Georgetown 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 Georgetown'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 76,800 320 - $ 240 per setup labor hour SX road. Round your answer to six decimal places, Data Table - X Naw MOOLMAN te ring labor hour Total Basic Lamps Designer Lamps Direct materials per lamp $ 13 5 18 Direct manufacturing labor-hours per lamp 0.5 hours 0.7 hours Direct manufacturing labor rate per hour 5 20 5 20 Setup costs $ 75,800 Chod Lamps produced per batch 200 30 Setup hours per batch 1 hour 2 hours 6 54 General manufacturing overhead costs $ 205 330 at 5-5 show that the total budgeted cost of the shipment setup Check
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