Seved 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 710 7,670 80 Finishing Welding Inspecting Rework Overhead Cost Driver $ 458,500 Number of batches 301,200 Machine hours 228,000 Number of setupa $ 987,700 $ 180,900 Welding hours 227,000 Number of inspections 60.600 Rework orders $ 468,500 $ 137,000 Purchase orders 32,450 Number of units 60, 460 Number of units $ 229,910 4,700 795 190 Support Purchasing Providing space Providing utilities 495 4,500 4,500 Additional production information concerning its two product lines follows. Units produced Molding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 1,500 2,400 355 490 2,320 40 140 330 Model 212 3,000 2,300 355 305 5,350 40 50 165 Required: 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 $280 for Model 145 and $180 for Model 212 Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 2,320 $ 0 Model 212 5,350 0 Model 145 Model 212 0 3. If the market price for Model 145 is $755 and the market price for Model 212 is $440, determine the profit or loss per unit for each model Model 145 Model 212 Market price