Process Activity Components Changeover Machining Setups Quantity 870 7,670 140 Finishing Welding Inspecting Rework Overhead Cost Driver $458,500 Number of batches 301, 600 Machine hours 227,000 Number of setups $987, 100 $181,300 Welding hours 223,000 Number of inspections 61, 150 Rework orders $ 465,450 $135,000 Purchase orders 30,900 Number of units 60, 900 Number of units $ 226,800 5,000 795 170 Support Purchasing Providing space Providing utilities 465 4,200 4,200 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 1,400 1,800 435 480 2,270 70 Model 212 2, 800 3, 200 435 315 5.400 119 310 Exercise 4-7 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 their 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 870 7.670 140 Finishing Welding Inspecting Rework Overhead Cost Driver $458,500 Number of batches 301,600 Machine hours 227,000 Number of setups $987, 100 $181,300 Welding hours 223,000 Number of inspections 61, 150 Rework orders $ 465, 450 $135,000 Purchase orders 30,900 Number of units 60,900 Number of units $226,800 5,000 7 95 179 Support Purchasing Providing space Providing utilities 465 4,200 4,200 Required: plan de overheirate based on machine hours, compute the overhead cont per un for Overhead costs Machine hours $ 1.679,350 7,670 $ 218,95 per machine hour 2 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are 5220 for Model 145 and 5190 for Model 212 Total Overhead Cost Overhead Assigned Model 145 Model 212 Activity Driver 2,270 5,400 Plantwide OH rate $ 218.95 $ 218.95 $ $ 497,017 1,182,330 Units Produced 1,400 2,800 OH Cost per unit $ 355.01 $ 422.26 Model 145 Model 212 Total manufacturing cost per unit: Materials and Labor Overhead Total manufacturing cost 355.01 422.26 3. If the market price for Model 145 is S734 and the market price for Model 212 is $470, determine the profit or loss per unit for each model. Hitional Problems-Required Overhand Assigned Model 145 Model 212 Activity Plantwide on Total Overhead Cost s Driver rate 2,270 $ 218.95 497,017 5,400 $ 218.95 $ 1,182,330 Units OH Cost por Produced 1.400 $ 355,01 2,800 $ 422.26 Model 145 Model 212 Total manufacturing cost per unit: Materals and Labor Overhead Total manufacturing cost 355.01 422.26 3. If the market price for Model 145 is $734 and the market price for Model 212 is $470, determine the profit or loss per unit for each model Model 145 Model 212 Market price