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Check a 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.) 12 points eBook Quantity Process Activity Components Changeover Overhead Cost Driver Hint 710 7,600 160 455, 500 Number of batches 301,200 227,500 $ 984,200 182,200 235,000 60,150 477,350 136,500 32,400 60,290 229,190 Machining Setups Machine hours Number of setups Ask Print Finishing Welding Inspecting Rework Welding hours Number of inspections Rework orders 3,500 810 250 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 503 5,400 5,400 Additional production information concerning its two product lines follows Model 145 Mode1 212 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 3,600 2,100 355 305 5,300 80 90 168 1,800 1,400 505 2,300 80 160 335 Additional production information concerning its two product lines follows Model 145 Mode1 212 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 1,800 1,400 355 505 2,300 80 160 335 3,600 2,100 355 305 5,300 80 90 168 Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line verhead cost $ 1,690,540$ 222.44 per machine hour Machine hours 7,600 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $270 for Model 145 and $200 for Model 212 Activity Driver Plantwide OH rate Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Total Overhead Cost Model 145 Model 212 Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line $1,690,540 7,600 222.44 [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 $270 for Model 145 and $200 for Model 212 Activity Driver Plantwide OH rate Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Total Overhead Cost 69 S 69.90$ 4,823 This is a nu enter numbers only meric cell, so please Total manufacturing cost pe Model 212 Materials and Labor Overhead Total manufacturing cost 3. If the market price for Model 145 is $748 and the market price for Model 212 is $460, determine the profit or loss per unit for each model Model 145 Model 212 Market price