Lean Accounting Westgate Inc uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players The company manufactures DVR players through a single product cell The budgeted conversion cost for the year is $646,800 for 1,960 production hours Each unit requires 10 minutes of cell process time During March, 950 DVR players were manufactured in the cell The materials cost per unit is $64 The following summary transactions took place during March Materials were purchased for March production Conversion costs were applied to production 950 DVR players were assembled and placed in finished goods 900 DVR players were sold for $211 per unit a Determine the budgeted cell conversion cost per hour If required, round to the nearest dollar fill in the blank 1 of 1$ per hour b Determine the budgeted cell conversion cost per unit If required, round to the nearest dollar fill in the blank 1 of 1$ per unit c Journalize the summary transactions (1)(4) for March If an amount box does not require an entry, leave it blank Transaction Account Debit Credit 1 Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select 2 Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select 3 Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory Select Select 4 Sale Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales Select Select Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales Select Select 4 Cost Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales Select Select Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales Select Select

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Lean Accounting Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product

Lean Accounting

Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $646,800 for 1,960 production hours. Each unit requires 10 minutes of cell process time. During March, 950 DVR players were manufactured in the cell. The materials cost per unit is $64. The following summary transactions took place during March:

Materials were purchased for March production.
Conversion costs were applied to production.
950 DVR players were assembled and placed in finished goods.
900 DVR players were sold for $211 per unit.

a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. fill in the blank 1 of 1$ per hour

b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. fill in the blank 1 of 1$ per unit

c. Journalize the summary transactions (1)(4) for March. If an amount box does not require an entry, leave it blank.

Transaction	Account	Debit	Credit
1.	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
2.	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
3.	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory	- Select -	- Select -
4. Sale	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales	- Select -	- Select -
	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales	- Select -	- Select -
4. Cost	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales	- Select -	- Select -
	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales	- Select -	- Select -