4 Exercise 17-8 Using the plantwide overhead rate to assess prices LO P1 20 book Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 decimal places.) Activity Overdos Dantity Components Changeover Number of batches Machining 100,00 Machine hours 7.680 Setups 226,000 tumber of setups 140 $985,100 Finishing Welding $ 160,100 Welding hours 4.000 Tospecting 220,00 Number of inspections 850 Rework orders 250 910 Support o Purchasing Providing space Providing utilities $ 137,000 30,150 60120 $ 327,470 Purchase orders Humber of units Number of units 540 4,500 Additional production information concerning its two product lines follows: Model 14 Model 2 Units produced 1,500 3.000 Welding hours 2.000 Batches 455 Number of inspections > Machine hours 5, Ho Setups work orders 110 Purchase orders 180 20 20 120 Required: 1. Using plantwide overhead rate based on machine hours, compare the overhead cost per unit for each product line Overhead costs Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Overhead costs Direct labor hours 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $300 for Model 145 and $140 for Model 212 Activity Driver Plantwide OH rate Overhead Assigned Model 145 Model 212 Total Overhead Cost Units Produced OH Cost per unit Model 145 Model 212 3. If the market price for Model 145 is $750 and the market price for Model 212 is 5440, determine the profit or loss per unit for each model. Model 145 Model 212 Market price