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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.) Process Activity Overhead Cost Driver Quantity Components Changeover $ 451, 000 Number of batches 750 Machining 301, 400 Machine hours 7, 630 Setups 228 ,500 Number of setups 160 $ 980 , 900 Finishing Welding $ 181, 900 Welding hours 4, 700 Inspecting 223,000 Number of inspections 805 Rework 60 , 050 Rework orders 160 $ 464, 950 Support Purchasing $ 135 , 000 Purchase orders 548 Providing space 32 , 150 Number of units 6, 600 Providing utilities 60, 280 Number of units 6, 600 $ 227 , 430 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 2,200 4,400 Welding hours 1, 400 3,300 Batches 375 375 Number of inspections 480 325 Machine hours 2,330 5,300 Setups 80 80 Rework orders 100 60 Purchase orders 365 183Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Machine hours 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $260 for Model 145 and $160 for Model 212. Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 S O Model 212 Model 145 Model 212 0 3. If the market price for Model 145 is $735 and the market price for Model 212 is $490, determine the profit or loss per unit for each model. Model 145 Model 212 Market price