Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The customer's instrument assembly. The data that follow concern only the eCar lean cell. For the year, Dashboard Inc. budgeted the following costs for the eCar production cell: Dashboard Inc. plans 2,800 hours of production for the eCar cell for the year. The materials cost is $130 per instrument assembly. Each assembly requires 15 minutes of cell assembly time. There was no April 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the eCar cell during April: a. Electronic parts and wiring were purchased to produce 8,400 instrument assemblies in April. b. Conversion costs were applied for the production of 8,200 units in April. c. 8,100 units were started, completed, and transferred to finished goods in April. d. 8,020 units were shipped to customers at a price of $410 per unit. Required: 1. Determine the budgeted cell conversion cost per hour. 2. Determine the budgeted cell conversion cost per unit. If required, round your answer to the nearest whole dollar. 3. Journalize the summary transactions (a) through (d). Refer to the Chart of Accounts for exact wording of account titles. 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. 5. How does the accounting in a lean environment differ from traditional accounting? Chart of Accounts 150 Raw and In Process Inventory 523 Depreciation Expense-Equipment 151 Finished Goods Inventory 526 Salaries Expense 180 Land 531 Rent Expense 190 Equipment 533 Insurance Expense 191 Accumulated Depreciation-Equipment 534 Store Supplies Expense 535 Office Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 539 Miscellaneous Expense 216 Salaries Payable 710 Interest Expense 218 Sales Tax Payable 219 Customers Refunds Payable 221 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary 1. Determine the budgeted cell per hour. per hour Feedback Check My Work Budgeted Conversion Cost/Production Hours = Conversion Rate 2. Determine the budgeted cell conversion cost per unit. If required, round your answer to the nearest whole dollar. per unit Feedback Check My Work (Cell Process Time/60 Minutes) * Conversion Rate from Req. 1= Conversion Cost per unit 3. Journalize the summary transactions for April 30. Refer to the Chart of Accounts for exact wording of account titles. Question not attempted. 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory Finished Goods Inventory