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Check my Exercise 17-8 Using the plantwide overhead rate to assess prices LO P1 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 Components Changeover Machining Setups Quantity 770 7,600 180 Finishing Welding Inspecting Overhead Cost Driver $ 451,500 Number of batches 301,400 Machine hours 226,000 Number of setups $ 978,900 $ 180,500 Welding hours 225,00 68,650 Rework orders $ 466,150 $ 134,500 Purchase orders 31,300 Number of units 60,130 Number of units $ 225,930 Number of inspections 5,200 810 240 Rework Support Purchasing Providing space Providing utilities 563 4.800 4.800 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 1,600 1,800 385 520 2,300 90 160 375 Model 212 3,200 3,400 385 290 5,300 9e se 188 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line, Overhead costs o per machine hour 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 $170 for Model 212. Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit 0 Overhead Assigned Model 145 Model 212 0 Model 145 Model 212 Prev 4 of 5 !!! Next > 3. the market price for Model 145 is 8759 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