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Please add calculations too. Thank you!! Process Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components
Please add calculations too. Thank you!!
Process 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. Activity Overhead Cost Driver Quantity Components Changeover $ 477,950 Number of batches 790 Machining 396,180 Machine hours 8,520 Setups 334,800 Number of setups 180 $ $1,208,930 Finishing Welding $ 283,250 Welding hours 5,500 Inspecting 278,850 Number of inspections 845 Rework 55,000 Rework orders 220 $ 617,100 Support Purchasing $ 176,700 Purchase orders 465 Providing space 31,600 Number of units 3,300 Providing utilities 31,430 Number of units 3,300 $ 239,730 Additional production information concerning its two product lines follows. Model 145 1,100 2,200 395 495 3,250 90 110 310 Model 212 2,200 3,300 395 350 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 5,270 90 110 155 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 $240 for Model 145 and $118 for Model 212 3. If the market price for Model 145 is $1,150.10 and the market price for Model 212 is $602.58, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.) Expected Costs Expected Activity Model 212 Activity driver Overhead incurred assigned Model 145 Activity driver Overhead incurred assigned Activity Rate $ 477.950 396,180 334,800 790 Number of batches 8,520 Machine hours 180 Setups Activity Components Changeover Machining Setups Finishing Waldin Welding Inspecting Rework Support Purchasing Providing space and utilities $ 283,250 278,850 55,000 5,500 Welding hours 845 Inspections 220 Rework orders $ 176,700 63,030 465 Purchase orders 3,300 Units Total overhead cost Total units produced Overhead cost per unit Complete this question by entering your answers in the tabs below. 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 $240 for Model 145 and $118 for Model 212. (Round your final answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market price for Model 145 is $1,150.10 and the market price for Model 212 is $602.58, determine the profit or loss per unit for each model. (Round your final answers to 2 decimal places.) Model 145 Model 212 Price per unit Cost per unit Profit (loss) per unitStep by Step Solution
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