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Axe!gold Company produces parts for the auto industry. Part X2 is machined in Department #1, which has the following budgeted conversion costs: $330,000 32,000 12,000 26,000 $400,000 Labor Depreciation Maintenance Supplies Total All costs are driven by machine hours. Total possible hours for the year are 2,800. It takes 03 hours to machine one unit of Part X2. a. Compute Department #1's budgeted cell conversion cost rate for the current year. Round your answer to two decimal places, if necessary. per machine hour b. Compute Part X2's budgeted cell conversion cost per unit. Round your answer to two decimal places, if necessary per unit Reducing wait time is not linked to reducing inventory OTrue False