Exerclse 4-9 Using ABC to assess prices LO P3 Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their 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 followw Process Activity Components Changeover Quantity 930 7,780 100 Overhead Cost Driver 571,95 Number of batches 518 Machine hours Machining 183,88 Number of setups $1,111,460 Finishing Welding 6,480 865 228 392,32 Welding hours Inspecting Rework 276,898 1,7e0 Number of inspections Rework orders $ 72e,820 Purchasing Providing space providing utilities 503 3,308 3, 300 Support $ 155,930 Purchase orders 31,88 Number of units 29 58 Number of units $217,31e Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 2,280 3,880 465 370 3,350 50 180 163 1,100 465 495 2,35e 129 335 Required: 1. Using ABC 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 $180 for Model 145 and $119 for Model 212 3. If the market price for Model 145 is $1,050.16 and the market price for Model 212 is $616.25. determine the profit or loss per unit for each model