Lean Accounting Com-Tel Inc. manufactures and assembles two models of smartphones--the Tiger Model and the Lion Model The that follow concern only the Lion Modellean cell For the year, Com-Tel Inc. budgeted these costs for the Lion Model production et Conversion Cost Categories Budget Labor $213,800 Supplies 81,000 Utilities 29,200 Total $324,000 Com-Tel plans 3,600 hours of production for the Lion Model coll for the year. The materials cost is $77 perunt, fac may requires to me There was no May 1 Inventory for either Raw and In Process Inventory or Finished Goods Inventory The following summary events took place in the Lion Model cell during May: a. Electronic parts were purchased to produce 12,250 Lion Model assemblies in May. b. Conversion costs were applied for 11,650 units of production in May. 11,420 units were completed and transferred to finished goods in May. d. 11,080 units were shipped to customers at a price of $360 per unit If required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hour. per hour ty Report . Determine the budgeted cell conversion cost per hour per hour Determine the budgeted cell conversion cost per unit per unit 5. Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave it blank b 3 4. Sale III 4.COM Determine the ending balance in Raw and In Process inventory and Finished Goods Inventory ick My Work Next