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.) Process Activity Components Changeover Machining Setups Quantity 710 7.670 180 Finishing Welding Inspecting Rework Overhead Coat Driver $455,000 Number of batches 301,000 Machine hours 228.000 Number of setups $984,000 $ 101,700 Welding hours 227,000 Number of inspections 60 350 Revork orders $469,050 $ 136,500 Purchase ordere 31,900 Number of units 60,760 Number of unita $ 229,060 4.500 795 130 Support Purchasing Providing space Providing utilities 480 6.300 6,300 Additional production Information concerning its two product lines follows. Units produced Welding hours Datehes Number of inspections Machine hours Setupa Rework orders Purchase orders Model 145 2.100 2.400 355 490 2.320 90 70 320 Model 212 4,200 2,100 355 305 5.350 90 60 160 Required: Required: 1. Using a plantwide overhead rate based on machine bours, compute the overhead cont par unit for bach product line. 2. Determine the total cost por una for och product line of the direct labor and direct materials costa per unit are 5230 for Model 145 and 5200 for Model 212 Activity Driver Plantwide OH rate Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Total Overhead Cost $ $ Model 145 Model 212 0 3. If the market price for Model 145 is $738 and the market price for Model 212 is $460, determine the profit or lons per unit for each model Model 145 Model 212 Market price