level costs are allocated to each cell on the basis of square footage. The budgeted direct labor and overhead costs are as follows: hour to produce one unit of product (on average). Other actual results for the year are as follows: All units produced were sold. Any conversion cost variance is closed to Cost of Goods Sold. Required: 1. Calculate the predetermined conversion cost rates for each cell. If required, round your answers to the nearest cent. Radiator Cell Water Pump Cell per hour per hour of the variance between applied and actual production costs. a. b. C. d. e. costs. a. b. c. d. Feedback Theck My Work Incorrect 4. Why is there no need to have a work-in-process inventory account? incurrence of direct labor and overhead costs, (b) completion and sale of goods, and (c) recognition of the variance between applied and actual production costs. a. b. c. Feedback Theck My Work Incorrect When would this backflush variant be considered appropriate