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.) Activity Driver Quantity Components Changeover Number of batches Machining 301,888 Process Overhead Cost $ 459,888 Machine hours Number of setups 830 7,650 120 Setups Finishing Welding Inspecting Rework Welding hours Number of inspections Rework orders 3,700 750 289 227,00 $ 987,888 $ 181, 108 226,eee 68,758 $ 467,85 $ 134,50 31,858 68,938 $ 227,288 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 465 6,300 6,382 Additional production Information concerning its two product lines follows. Model 145 2,180 1,680 415 495 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 212 4,280 2,789 415 255 5,352 60 130 155 2,389 60 70 310 Required: 1. Using 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 if the direct labor and direct materials costs per unit are $200 for Model 145 and $170 for Model 212 Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $754 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