Exercise 17-8 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models of al 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 rote" answers to 2 decimal places.) Process Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 830 7,770 220 Finishing Welding Inspecting Rework Overhead Cost $ 454,500 301,400 229,000 $984,900 $ 181,000 228,900 60,100 $ 469,100 $ 136,000 32,000 60, 260 $ 228,260 Welding hours Number of inspections Rework orders 4,900 780 230 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 458 6,600 6,600 Additional production information concerning its two product lines follows. Model 145 2 2001 Model 212 00 limitado ad Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 2,200 2,200 415 465 2,320 110 100 305 Model 212 4,400 2,700 415 315 5,450 110 130 153 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 $310 for Model 145 and $180 for Model 212 Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit S 0 Model 145 Model 212 S 0 Model 145 Model 212 0 3. If the market price for Model 146 is $752 and the market price for Model 212 is $470, determine the profit or loss per unit for each model, Model 145 Model 212 Market price