Shоw yоur wоrk for Workout Problem 1 here to get full credits:
Sаme dаtа given with Wоrkоut Prоblem 1: Ethan Allen produces two types of metal lamps. Ethan Allen manufactures 21,000 basic lamps and 5,100 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates indirect manufacturing overhead costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: Basic Lamps Designer Lamps Total Direct materials per lamp $ 5 $ 21 Direct manufacturing labor per lamp 0.5 hours 0.8 hours Direct manufacturing labor rate per hour $ 30 $ 30 Indirect manufacturing overhead costs $291,600 Using the information, answer for the following questions: Question 2, Calculate the budgeted costs of the basic and designer lamps under the simple costing system. (hint: cost in $ amount) Basic Lamps Designer Lamps Direct materials Direct manufacturing labor Indirect manufacturing overhead Total costs