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Cornell Metal Works produces two types of metal lamps. Cornell 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 setup costs and the other for general manufacturing overhead. Cornell allocates setup costs to the two lamps based on setup labour-hours and general manufacturing overhead costs on the basis of direct manufacturing labour-hours. It provides the following budgeted cost information. (Click the icon to view the information.) 1 Information erhead. costs. Basic Lamps Designer Lamps Total Direct materials per lamp $ 10 $ 17 0.4 hours 0.5 hours $ 30 $ 30 $ 151,200 Direct manufacturing labour-hours per lamp Direct manufacturing labour rate per hour Setup costs Lamps produced per batch Setup-hours per batch General manufacturing overhead costs 250 40 1 hour 2 hours 70,560 Print Done Begin by calculating the overhead rates for each of the two indirect-cost pools: setup 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. (Round the budgeted rate to the nearest dollar. Abbreviations used: MOH = Manufacturing Overhead.) Budgeted setup costs Budgeted setup hours Budgeted setup rate S per setup labour 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 / Budgeted manufacturing labour hours' = Budgeted MOH rate S per manufacturing labour-hour Now calculate the budgeted direct costs of basic and designer lamps if Duke allocates overhead costs in each department using activity-based costing. Then complete the indirect allocation of costs for the basic and designer lamps. Lastly, in each case calculate the totals for both types of lamps combined. (Use the general manufacturing overhead rate rounded to six decimal places, $xxxxxxx in any calculations. Round the total amounts to the nearest whole dollar and round all per unit amounts to two decimal places.) Basic lamps Total Per unit Designer lamps Total Per unit Total Direct materials Direct manufacturing labour Total direct costs Indirect costs of activities Setup of lamps General manufacturing overhead Total indirect costs allocated Total costs

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