Conan electronics corporation manufactures and assembles electronic motor drives for video cameras. the company assembles the motor drives for several accounts. the process consists of a lean cell for each customer. the following information relates to only one customer's lean cell. for the year, planned labor and overhead was $80,000,000 and materials costs were $25 per unit. planned production included 9,600 hours to produce 76,800 motor drives. actual production for the month of august was 5,200 units, and motor drives shipped amounted to 5,040 units. from the foregoing information, determine the cell conversion cost rate for applying conversion costs.

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.