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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. Activity Overhead Cost Driver Quantity Process Components Changeover Machining 454,000 Number of batches 870 314,000 Machine hours 8,490 Number of setups 234,000 120 Setups $1,002,000 Finishing Welding 194,000 Welding hours 4,200 Inspecting Rework 227,000 Number of inspections 840 63,500 Rework orders 210 484,500 Purchase orders Purchasing S 141,000 35,000 62,000 537 Support Providing space Number of units 4,610 Providing utilities Number of units 4,610 238,000 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 1,500 3,110 Welding hours 1,200 3,000 Batches 435 435 Number of inspections 510 330 Machine hours 3,150 5,340 Setups 60 60 Rework orders 160 50 Purchase orders 358 179 Required: 1. Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $290 for Model 145 and $210 for Model 212. 3. If the market price for Model 145 is $1,325 and the market price for Model 212 is $270, determine the profit or loss per unit for each model. Required 1 Required 2 Required 3 Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders. (Round your intermediate calculations and per unit cost answers to 2 decimal places.) Show lessA Components department $ 531,250 $ 1.42 per machine hour Number of setups Number of setups 373,000 Finishing department Support department 0 Activity Driver Departmental OH Rate Model 145 Total Overhead Cost Components Finishing Support Activity Driver Departmental OH Rate Model 212 Total Overhead Cost Components Finishing Support Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $290 for Model 145 and $210 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 250.00 $ Materials and Labor per unit 118.00 Overhead cost per unit 620.72 356.19 870.72 $ 474.19 Total cost per unit If the market price for Model 145 is $1,325 and the market price for Model 212 is $270, determine the profit or loss per unit for each model. (Loss amounts shou ld be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.) Model 145 Model 212 Market price per unit Cost per unit Profit (loss) per unit
