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Optic Matrix Inc. manufactures and assembles automobile instrument panels for both Yokohama Motors and Detroit Motors. The process consists of a just-in-time product cell for each customer's instrument assembly. The data that follow concern only the Yokohama just-in-time cell.
For the year, Optic Matrix Inc. budgeted the following costs for the Yokohama production cell:
Optic Matrix Inc. plans 3,200 hours of production for the Yokohama cell for the year. The materials cost is $125 per instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no November 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory.
The following summary events took place in the Yokohama cell during November:
Instructions:
1. Determine the budgeted cell conversion cost per hour.$ per hour
2. Determine the budgeted cell conversion cost per unit.$ per unit
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