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.) Proces Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 770 7.720 180 Finishing Welding Inspecting Rework Overhead Cost $ 455,500 301, see 228,000 $ 985,300 $ 182,900 224.ee 60,300 $ 467,200 $ 134,000 31,400 60,270 $ 225,67 Welding hours Number of inspections Rework orders 4,600 795 188 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 518 4,500 4,500 Additional production Information concerning its two product lines follows Units produced Welding hours Batches Number of inspections Machine hours Satus Kevork orders Purchase orders Model 145 1,500 2.200 365 47 2,270 50 108 345 Model 212 3,000 2,400 385 23 5.450 we 1- Ch 17: Quiz - Coni x + piezto.mheducation.com ext/map/index.html_conscon&external browser-Olenchurch: 25347252F Saved IZ Exercise 17-8 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models of alr 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.) od Process Activity Components Changeover Machining Setups Quantity 770 7,720 100 Finishing Welding Inspecting Rework Overhead Cost Driver $ 455,500 Number of batches 301,00 Machine hours 228,000 Number of setups $985,380 $ 182,900 Welding hours 224,000 Number of inspections 60, Joe Rework orders 5467,200 5 134,000 Purchase orders 31,400 Number of units 60,270 Number of units $ 225,670 4,600 795 180 Support Purchasing Providing space Providing utilities 311 4,500 4,500 Additional production information concerning its two product lines follows, Model 145 1,500 2,200 Model 212 3,000 2. Units produced welding hours Batches Number of inspection Machine hours Set work onder purchase ordees 470 2.270 se 100 325 5. se 30 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. 0 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $120 for Model 2.12 Overhead Assigned Model 145 Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit 0 Model 212 0 Model 145 Model 212 0 3. If the market price for Model 145 is $756 and the market price for Model 212 is $460, determine the profit or loss per unit for each model Model 145 Model 212 Market price 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.) Proces Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 770 7.720 180 Finishing Welding Inspecting Rework Overhead Cost $ 455,500 301, see 228,000 $ 985,300 $ 182,900 224.ee 60,300 $ 467,200 $ 134,000 31,400 60,270 $ 225,67 Welding hours Number of inspections Rework orders 4,600 795 188 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 518 4,500 4,500 Additional production Information concerning its two product lines follows Units produced Welding hours Batches Number of inspections Machine hours Satus Kevork orders Purchase orders Model 145 1,500 2.200 365 47 2,270 50 108 345 Model 212 3,000 2,400 385 23 5.450 we 1- Ch 17: Quiz - Coni x + piezto.mheducation.com ext/map/index.html_conscon&external browser-Olenchurch: 25347252F Saved IZ Exercise 17-8 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models of alr 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.) od Process Activity Components Changeover Machining Setups Quantity 770 7,720 100 Finishing Welding Inspecting Rework Overhead Cost Driver $ 455,500 Number of batches 301,00 Machine hours 228,000 Number of setups $985,380 $ 182,900 Welding hours 224,000 Number of inspections 60, Joe Rework orders 5467,200 5 134,000 Purchase orders 31,400 Number of units 60,270 Number of units $ 225,670 4,600 795 180 Support Purchasing Providing space Providing utilities 311 4,500 4,500 Additional production information concerning its two product lines follows, Model 145 1,500 2,200 Model 212 3,000 2. Units produced welding hours Batches Number of inspection Machine hours Set work onder purchase ordees 470 2.270 se 100 325 5. se 30 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. 0 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $120 for Model 2.12 Overhead Assigned Model 145 Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit 0 Model 212 0 Model 145 Model 212 0 3. If the market price for Model 145 is $756 and the market price for Model 212 is $460, determine the profit or loss per unit for each model Model 145 Model 212 Market price