Exercise 17-8 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 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.) Process Activity Components Changeover Machining Setup Quantity 770 7,660 40 Pinishing Welding Inspecting Rework Overhead Coat Driver $ 460,000 Number of batchen 301.000 Machine hours 228,500 Number of wetups $989,500 $182,100 Welding hours 228,000 Number of inspection 61,200 Revork orders $ 471,800 $137,000 Purchase orders 31,300 Number of units 60,220 Number of units $ 228,520 4.300 760 190 Support Purchasing Providing space Providing utilities 503 5,700 5,700 Additional production Information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setup Rework orders Purchase orders Model 145 1,900 1,000 385 485 2,260 20 70 335 Model 212 3,800 3.300 385 275 5,400 20 120 168 Uning a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line 2. Determine the total cost per unit for each product line of the direct labor and direct materials costs per unit are $20 for Model 145 and $160 for Model 212 Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $739 and the market price for Model 212 is $490, determine the profit or loss per unit for each model. Model 145 Model 212 Market price