Stanford Metal Works produces two types of metal lamps. Stanford manufactures 20,000 basic lamps and 3,300...

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Stanford Metal Works produces two types of metal lamps. Stanford manufactures 20,000 basic lamps and 3,300 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. Stanford 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 Stanford'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 76,800 Budgeted setup hours 320 Budgeted setup rate $ 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, SX.XXXXXX.) Budgeted MOH costs 72,160 Budgeted manufacturing labor hours Budgeted MOH rate 10,640 $ 6.781955 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Stanford 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, SX 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 Designer lamps Total Per unit Total Per unit Total Data table Direct materials S 120,000 $ 160,000 6.00 $ 8.00 59,400 $ Direct manufacturing labor 52,800 18.00 $ 16.00 Total direct costs 280,000 14.00 112,200 34.00 179,400 212,800 392,200 Basic Lamps Designer Lamps Total Direct materials per lamp $ 6 $ 18 Indirect costs of activities Direct manufacturing labor-hours per lamp 0.4 hours 0.8 hours Setup of lamps Direct manufacturing labor rate per hour $ 20 $ 20 General manufacturing overhead Total indirect costs allocated Setup costs Lamps produced per batch $ 76,800 200 30 Total costs Setup-hours per batch General manufacturing overhead costs 1 hour 2 hours $ 72,160 Print Done Stanford Metal Works produces two types of metal lamps. Stanford manufactures 20,000 basic lamps and 3,300 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. Stanford 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 Stanford'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 76,800 Budgeted setup hours 320 Budgeted setup rate $ 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, SX.XXXXXX.) Budgeted MOH costs 72,160 Budgeted manufacturing labor hours Budgeted MOH rate 10,640 $ 6.781955 per manufacturing labor-hour Now calculate the budgeted direct costs of basic and designer lamps if Stanford 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, SX 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 Designer lamps Total Per unit Total Per unit Total Data table Direct materials S 120,000 $ 160,000 6.00 $ 8.00 59,400 $ Direct manufacturing labor 52,800 18.00 $ 16.00 Total direct costs 280,000 14.00 112,200 34.00 179,400 212,800 392,200 Basic Lamps Designer Lamps Total Direct materials per lamp $ 6 $ 18 Indirect costs of activities Direct manufacturing labor-hours per lamp 0.4 hours 0.8 hours Setup of lamps Direct manufacturing labor rate per hour $ 20 $ 20 General manufacturing overhead Total indirect costs allocated Setup costs Lamps produced per batch $ 76,800 200 30 Total costs Setup-hours per batch General manufacturing overhead costs 1 hour 2 hours $ 72,160 Print Done