Wave Media Inc. uses a just-in-time strategy to manufacture DVD players. The company manufactures DVDs through a single product cell. The budgeted conversion cost for the year is $998,400 for 1,920 production hours. Each unit requires 9 minutes of cell process time. During March, 1,100 DVDs are manufactured in the cell. The materials cost per unit is $70. The following summary transactions took place during March:
Materials are purchased for March production.
Conversion costs were applied to production.
1,100 DVDs are assembled and placed in finished goods.
1,050 DVDs are sold for $250 per unit.
Determine the budgeted cell conversion cost per hour.