Right Now Video 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 $280,500 for 1,700 production hours. Each unit requires 9 minutes of cell process time. During July, 1,200 DVR players are manufactured in the cell. The materials cost per unit is $145. The following summary transactions took place during July: Jul. Materials are purchased for July production. 3 Conversion costs were applied to production 15 1,200 DVR players are assembled and placed in finished goods. 1,160 DVR players are sold for $370 per unit. 25 Required: A. Determine the budgeted cell conversion cost per hour. B. Determine the budgeted cell conversion cost per unit. Round your answer to 1 decimal place. C. Journalize the summary transactions for July. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS Right Now Video Inc. General Ledger ASSETS REVENUE 10 Cash 10 Sales 20 Accounts Receivable EXPENSES 125 Notes Receivable 510 Cost of Goods Sold 40 Office Supplies 140 Office Supplies 510 Cost of Goods Sold 511 Conversion Costs 141 Store Supplies 521 Advertising Expense 142 Prepaid Insurance 523 Depreciation Expense-Equipment 50 Raw and In Process Inventory 526 Salaries Expense 51 Finished Goods Inventory 531 Rent Expense 180 Land 533 Insurance Expense 190 Equipment 534 Store Supplies Expense 191 Accumulated Depreciation-Equipment 535 Office Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 539 Miscellaneous Expense 710 Interest Expense 216 Salaries Payable 218 Sales Tax Payable 219 Customers Refunds Payable 221 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary A. Determine the budgeted cell conversion cost per hour. per hour B. Determine the budgeted cell conversion cost per unit. Round your answer to 1 decimal place. per unit Journal C. Journalize the summary transactions for July. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL DATE POST REF DEBIT CREDIT B. Determine the budgeted cell conversion cost per unit. Round your answer to 1 decimal place. per unit Journal C. Journalize the summary transactions for July. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL DATE POST REF DEBIT CREDIT 10