Lean accounting Chart of Accounts Starting Questions Instructions Modern Lighting Inc, manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $125. The budgeted conversion cost for the year is $171,600 for 1,950 production hours. Aunit of Style Omega requires 15 minutes of cell production time. The following transactions took place during June. 1. Materials were acquired to assemble 650 Style Omega units for June 2 Conversion costs were applied to 650 Style Omega units of production. 3 635 units of Style Omega were completed in June 4.610 units of Style Omega were sold in June for $177 per unit Required: a Determine the budgefed celt conversion cost per hour 0. Determine the budgeted cell conversion cost per unit ens ha enciclo de Dado Chico Instructions 1. Materials were acquired to assemble 650 Style Omega units for June. 2. Conversion costs were applied to 650 Style Omega units of production. 3. 635 units of Style Omega were completed in June. 4. 610 units of Style Omega were sold in June for $177 per unit Required: a. Determine the budgeted ceil conversion cost per hour b. Determine the budgeted cell conversion cost per unit C. Journalize the summary transactions (1)-(4) for June. Refer to the Chart of Accounts for exact wording of account difes. Check My Work Previous a. Determine the budgeted cell conversion cost per hour. $ per hour b. Determine the budgeted cell conversion cost per unit. $ per unit s Sold costs JOLT c. Joumalize the summary transactions (1) (4) for June 30. Refer to the Chart of Accounts for exact wording of account titles. PAGE JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 2 3 BK My Work Previous