Cycle Time, Conversion Cost per Unit, MCE Lander Parts, Inc., produces various automobile parts. In one plant, Lander has a manufacturing cell with the theoretical capability to produce 450,000 fuel pumps per quarter. The conversion cost per quarter is $9,000,000. There are 150,000 production hours available within the cell per quarter. Required: 1. Compute the theoretical velocity (per hour) and the theoretical cycle time (minutes per unit produced). Theoretical velocity Theoretical cycle time fuel pumps per hour minutes per unit 2. Compute the ideal amount of conversion cost that will be assigned per subassembly. per unit 3 (a). Suppose the actual time required to produce a fuel pump is 40 minutes. Compute the amount of conversion cost actually assigned to each unit produced, per unit 3 (b). What happens to product cost if the time to produce a unit is decreased to 25 minutes? per unit 4. Assuming the actual time to produce one fuel pump is 40 minutes, calculate MCE. If required, round your answer to two decimal places. How much non-value-added time is being used? minutes How much is it costing per unit? per unit