IMOlal WSPRS produces two types of metal lamps. Syracuse manufactures 19,000 basic lamps and 5,300 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: E (Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Syracuse'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 MOH rate - X per manufacturing labor-hour Data table %3D Basic Lamps Designer Lamps Total Direct materials per lamp $ 13 16 Direct manufacturing labor per lamp Direct manufacturing labor rate per hour 0.6 hours 0.9 hours %24 20 $ 20 Indirect manufacturing costs 2$ 404,250 Print Done

IMOlal WSPRS produces two types of metal lamps. Syracuse manufactures 19,000 basic lamps and 5,300 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: E (Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Syracuse'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 MOH rate - X per manufacturing labor-hour Data table %3D Basic Lamps Designer Lamps Total Direct materials per lamp $ 13 16 Direct manufacturing labor per lamp Direct manufacturing labor rate per hour 0.6 hours 0.9 hours %24 20 $ 20 Indirect manufacturing costs 2$ 404,250 Print Done

Name: Syracuse Metal Works produces two types of metal lamps. Syracuse manu
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Description: Syracuse Metal Works produces two types of metal lamps. Syracuse manufactures 19,000 basic lamps and 5,300 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis ofdirect manufact

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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