Amherst Metal Works produces two types of metal lamps. Amherst manufactures 20,000 basic lamps and 5,000 designer lamps. Its simple costing system uses a single Indirect-cost pool and allocates costs to the two lamps on the basis of cirect manufacturing labor-hours. It provldes the following budgeted cost Information: Calculate the total budgeted costs of the basic and designer lamps using Amherst'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 per manutacturing labor-hour 234,000 13,000 S 18 Now calculate the total budgeted costs and per unit costs of the basic and designer lamps using Amherst's simple costing system. (Round all per unit amounts to two decimal places.] Basic lamps Total Per unit Direct materials Direct manufacturing labor Total direct costs Indirect costs allocated Total costs 180,000 $ 200,000 380,000 9.00 10.00 19.00

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kathryn.schulist · Accepted Answer

Answer:Total Budgeted Costs = $ 450,000Total Costs 515,000Explanation:Manufacturing Overhead Budgeted 234,000 Budgeted manufacturing labor hours 13,000Budgeted MOH rate per manufacturing labor-hour = 234,000/13,000= $ 18Basic lamps 20,000 unitsTotal Budgeted Costs = 18*20,000= 360,000 Unit Costs Total Costs Direct materials 9.00 180,000Direct manufacturing labor 10.00 200,000Total Per unit 19.00 380,000Total direct costs 180,000 Indirect costs allocated 200,000Total costs $ 380,000 Designer lamps 5,000 unitsTotal Budgeted Costs = 18*5,000= 90,000 Unit Costs Total Costs Direct materials 15.00 75,000Direct manufacturing labor 12.00 60,000Total Per unit 27.00 135,000Total direct costs 75,000 Indirect costs allocated 60,000Total costs $ 135,000 Basic Designer TotalTotal Direct Materials 180,000 75000 255,000Direct Labor 200,000 60,000 260,000Total Budgeted Costs = 360,000+ 90,000= $ 450,000Total Costs =255,000+ 260,000= $ 515,000

hills.rod · Answer

Budgeting is the act of estimating a company's future income and expenditures that goes out from paying expense over a set period of time.Total Budgeted Costs = $ 450,000Total Costs 515,000SOLUTION:-Manufacturing Overhead Budgeted 234,000Budgeted manufacturing labor hours 13,000Budgeted MOH rate per manufacturing labor-hour = 234,000/13,000= $ 18Basic lamps 20,000 unitsTotal Budgeted Costs = 18*20,000= 360,000 Unit Costs Total Costs Direct materials 9.00 180,000Direct manufacturing labor 10.00 200,000Total Per unit 19.00 380,000Total direct costs 180,000Indirect costs allocated 200,000Total costs $380,000 Designer lamps 5,000 unitsTotal Budgeted Costs (18*5,000) 90,000Unit Costs Total Costs Direct materials 15.00 75,000Direct manufacturing labor 12.00 60,000Total Per unit 27.00 135,000Total direct costs 75,000Indirect costs allocated 60,000Total costs $135,000 Basic Designer TotalTotal Direct Materials 180,000 75000 255,000Direct Labor 200,000 60,000 260,000Total Budgeted Costs = 360,000+ 90,000= $ 450,000Total Costs =255,000+ 260,000= $ 515,000To know more about Budgeting, refer to the link:https://brainly.com/question/14777070

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