Exercise 17-7 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their 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 Process Components Changeover Overhead Cost Driver Quantity 800 6,000 120 S 500,000 Number of batches Machining Setups 279,000 Machine hours 225,000 Number of setups $1,004,000 3,000 700 300 Finishing Welding $ 180,300 Welding hours 210,000 Number of inspections Inspecting Rework 75,000 Rework orders S 465,300 Purchase orders Number of units Number of units 450 5,000 5,000 S 135,000 32,000 65,000 Support Purchasing Providing space Providing utilities $ 232,000 Additional production information concerning its two product lines follows Model 145 Model 212 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 1,500 800 400 400 1,800 60 160 300 3,500 2,200 400 300 4,200 60 140 150 Required