Westgate Inc. uses alean manufacturingstrategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgetedconversion costfor the year is $480,000 for 1,600 production hours. Each unit requires 9 minutes of cellprocesstime. During March, 1,300 DVR players were manufactured in the cell. The materials cost per unit is $135. The following summary transactions took place during March:

1.Materials were purchased for March production.

2.Conversion costs were applied to production.

3.1,300 DVR players were assembled and placed in finished goods.

4.1,270 DVR players were sold for $380 per unit.

Required:

a.Determine the budgeted cell conversion cost per hour.

b.Determine the budgeted cell conversion cost per unit. Round your answer to one decimal place.

c.Journalize the summary transactions for March. Refer to the Chart of Accounts for exact wording of account titles.

Instructions Westgate Inc. uses a lean manufacturing strategy to manufacture DVFl (digital video recorder) players. The company manufactures DVFl players through a single product cell. The budgeted conversion cost for the year is $480,000 for 1,600 production hours. Each unit requires 9 minutes of cell process time. During March, 1,300 DVFl players were manufactured in the cell. The materials cost per unit is $135. The following summary transactions took place during March: 1. Materials were purchased for March production. Conversion costs were applied to production. 2 3. 1,300 DVR players were assembled and placed in finished goods. 4 1,270 DVR players were sold for $380 per unit. Required: . Determine the budgeted cell conversion cost per hour. . Determine the budgeted cell conversion cost per unit. Round your answer to one decimal place. . Joumalize the summary transactions for March. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS Westgate Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 125 Notes Receivable EXPENSES 140 Ofce Supplies 510 Cost of Goods Sold 141 Store Supplies 511 Conversion Costs 142 Prepaid Insurance 521 Advertising Expense 150 Raw and In Process Inventory 523 Depreciation Expense-Equipment 151 Finished Goods Inventory 526 Salaries Expense 180 Land 531 Rent Expense 190 Equipment 533 Insurance Expense 191 Accumulated Depreciation-Equipment 534 Store Supplies Expense 535 Ofce Supplies Expense LIABILITIES 536 Credit Card Expense 535 Office Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 539 Miscellaneous Expense 216 Salaries Payable 710 Interest Expense 218 Sales Tax Payable 219 Customers Refunds Payable 221 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income SummaryStarting Questions a. Determine the budgeted cell conversion cost per hour. $300.00 per hour b. Determine the budgeted cell conversion cost per unit. Round your answer to one decimal place. $45.00 per unitc. Joumalize the summary transactions for March 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL nsscmon m cm 10 I 1