Home-Bright Inc. manufactures lighting fixtures, using just-in-time manufacturing methods. Style BB-01 has a materials cost per unit of $26. The budgeted conversion cost for the year is $100,000 for 2,000 production hours. A unit of Style BB-01 requires 15 minutes of cell production time. The following transactions took place during July:

1. Materials were acquired to assemble 800 Style BB-01 units for July.

2. Conversion costs were applied to 800 Style BB-01 units of production.

3. 750 units of Style BB-01 were completed in July.

4. 700 units of Style BB-01 were sold in June for $75 per unit.

a. Determine the budgeted cell conversion cost per hour.

b. Determine the budgeted cell conversion cost per unit.

c. Journalize the summary transactions (1)–(4) for July.