Modern Lighting Inc. manufactures lighting fixtures, using leanmanufacturing methods. Style Omega has a materials cost per unit of$26. The budgeted conversion cost for the year is $86,400for 1,600 production hours. A unit of Style Omega requires 12minutes of cell production time. The following transactions tookplace during June:
Question Content Area
a. Determine the budgeted cell conversioncost per hour. If required, round to the nearestcent.$fill in the blank 5ab607fe301b043_1 per hour
b. Determine the budgeted cell conversioncost per unit. If required, round to the nearestcent.$fill in the blank 5ab607fe301b043_2 per unit
Question Content Area
c. Journalize the summary transactions(1)–(4) for June. If required, round your answers to one decimalplace. If an amount box does not require an entry, leave itblank.
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost
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