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Please answer ASAP! Please and thank you! All the blanks Way Cool produces two different models of air conditioners. The company produces the mechanical systems
Please answer ASAP! Please and thank you! All the blanks
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 Finishing Welding Support Inspecting Rework Purchasing Providing space Providing utilities Units produced Welding hours Batches Required: Number of inspections Machine hours Setups Rework orders Purchase orders. 0 Overhead Cost $ 453,000 301,000 227,000 $ 981,000 Additional production information concerning its two product lines follows. Model 212 3,200 2,100 Overhead Assigned Model 145 Model 212 $ 182,900 231,000 61,400 $ 475,300 $ 137,500 32,300 60,280 $ 230,080 Market price Model 145 1,600 1,000 395 465 2,290 Driver Number of batches. Machine hours Number of setups. 40 90 325 Welding hours Number of inspections Rework orders. Purchase orders Number of units Number of units 395 300 5,250 40 90 163 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. 0 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 $120 for Model 212. Activity Driver Plantwide OH rate Model 145 Total Overhead Cost $ $ Quantity 790 7,540 80 0 0 3,100 765 180 Model 212 488 4,800 4,800 Units Produced OH Cost per unit 3. If the market price for Model 145 is $748 and the market price for Model 212 is $450, determine the profit or loss per unit for each model. Model 145 Model 212Step by Step Solution
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