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Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 26,000 basic lamps and 4.700 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps 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 Vanderbilt's simple costing system. Begin by calculating the budgeted indirect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amounts and calculate the rate, (Abbreviations used: MOH - Manufacturing Overhead.) Budgeted indirect manufacturing costs + Budgeted manufacturing labor hours Budgeted MOH rate $ 491,140 18,890 $ 26 per manufacturing labor-hour Now calculate the total budgeted costs and per unit costs of the basic and designer lamps using Vanderbilt's simple costing system. (Round all per unit amounts to two decimal places.) Basic lamps Total Por unit Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs 1 Data Table Total Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs Basic Lamps Designer Lamps $ 8 $ 13 0.6 hours 0.7 hours $ 30 30 $ $ 491,140 Print Done

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