Need help with Requirements 1-3 and Fill in on the charts
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. Process Activity Components Changeover Machining Setups Quantity 710 7,790 200 Finishing Welding Inspecting Overhead Cost Driver $ 478,000 Number of batches 303,000 Machine hours 225,000 Number of setups $1,006,000 $ 190,00 Welding hours 224,000 Number of inspections 65,500 Rework orders $ 477,500 $ 133,000 Purchase orders 30,500 Number of units 62,00 Number of units $225,500 4,200 845 220 Rework Support Purchasing Providing space Providing utilities 495 4,630 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 2,000 355 495 2,450 100 120 Model 212 3.ee 3,200 355 350 5,340 100 100 165 Required: 1. Determine departmental overhead rates and compute the overhead cost per unit for each product line Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department Assign costs to the support department based on number of purchase orders 2. Determine the total cost per unit for each product line in the direct labor and direct materials costs per unit are $260 for Model 145 and $150 for Model 212 3. If the market price for Model 145 is $1.550 and the market price for Model 212 $250, determine the profit or loss per unit for each model Required 1 Required 2 Required 3 Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders. (Round your intermediate calculations and per unit cost answers to 2 decimal places.) Show less Components department of Finishing department of Support department Model 145 Activity Driver Departmental OH Rate Total Overhead Cost Components Finishing Support $ 0 0 Activity Departmental Total Overhead Cost Driver OH Rate Model 212 Components Finishing $ 0 Support 0 Required 1 Required 2 Required 3 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 $150 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit Required 1 Required 2 Required 3 If the market price for Model 145 is $1,550 and the market price for Model 212 is $250, determine the profit or loss per unit for each model. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.) Model 145 Model 212 Market price per unit Cost per unit 1.550.007 s 250.00 Profit (los) per unit 0.57
