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Light Up Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The...

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Light Up Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. Machine setup-hours is the only driver of manufacturing overhead costs. Light Up has a set up capacity of 920 hours. EE (Click the icon to view the information.) Calculate the manufacturing overhead costs budget (label it Schedule 5) Schedule 5: Manufacturing Overhead Costs Budget for the Year Ending December 31. 2017 Machine Setup Overhead Costs Total manufacturing overhead costs Data Table Knox Ayer 1. Quantity of lamps to be produced 2. Number of lamps to be produced per batch 3. Setup time per batch 18,000 lamps 14,000 lamps 200 lampsibatch 125 lamps/batch 5 hours/batch hours/batch Variable cost $75 per setup-hour Fixed cost $73,000 Print Done

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