A manufacturer estimates annual conversion costs of $1,050,000 and plans production of 2,100 hours to make 13,300 units. The company can produce 10 units per hour. 1. Compute the conversion cost rate per hour. 2. Prepare the journal entry to apply conversion costs to an order of 500 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the conversion cost rate per hour. Conversion cost rate per hour Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to apply conversion costs to an order of 500 units. View transaction list Journal entry worksheet < A Record the applied conversion costs to production. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit