Lean Accounting com Teling manufactures and assembles two models of smartphones-the Tiger Model and the Lion Model The process consists of a fan cell for each product the decat Follow concem only the Latin Modellen cell For the year, Com Tel Toc budgeted these costs for the Lion Model production cell Conversion Cont Categories Budget Labo $154,400 Supplies 58,500 Utilities 21.100 Total 24,000 Cineplan 3,000 hours of production for Lion Model coll for the year. The materials cost is $06 per unit och sambilor 20 minutes. There w no May twentory for either tow and in oors Inventory or shed Goods Inventory The following summary events took place in the Lion Model coll during May Electronic parts were purchased to produce 10,200 Lion Model assemblies in May. b. Conversion costs were applied for 9,700 units of production in May. 9,510 units were completed and transferred to finished goods in May. d. 9,220 units were shipped to customers at a price of $912 per unit If required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hodie Iper hour 2. Determine the budgeted cell conversion cost per unit Den per unit 3. Journalize the summary transactions() through (d). If an amount box does not require an entry, leave it blank I II II III II II 4. Cost 4. Determine the ending balance in Raw and In Process Inventory and Fished Goods Inventory Raw and In Process Inventory and use control. As result, the number tractions Often ondoa Finished Goods Inventory 5. Lean accounting is different from traditional accounting because it is more are In many lean operations, purchased materials are charged to performance measures, such as are used to monitor performance Direct labore