13.03B Lean Accounting

Lean Accounting For the year, Cam-Tal [nc. budgeted these casts for the Lon Model praduction oell: The following summary events took place in the Lion Model cell during May: 3. Electronic parts were purchased to produce 9,500 Lion Model assemblies in May. b. Conversion costs were applied for 9,050 units of production in May. c. During May, 8, B7D units wore camplatod and transirorod ta finishod goads. d. Of the 8,870 units completed, 8,600 units were shipped to customers at a price of $350 per unit. If required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hour. per hour 2. Datermine the budgated cell canversion cast per unit. per unit 3. Joumalize the summary transactions (a) through (d). If an amount box does not require an antry, leave it blank