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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. Process Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 730 8,210 200 Finishing Welding Inspecting Rework Overhead Cost $ 464,000 303,000 226,000 $ 993,000 $ 186,000 227,000 63,000 $ 476,000 $ 139,000 35,000 68,000 $ 242,000 Welding hours Number of inspections Rework orders 4,600 880 220 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 525 4,600 4,600 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 1,500 1,000 365 510 2,850 100 130 350 Model 212 3,100 3,600 365 370 5,360 100 90 175 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 $200 for Model 145 and $120 for Model 212. 3. If the market price for Model 145 is $1,100 and the market price for Model 212 is $300, 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 less S 121 0 per machine hour Components department Overhead costs Machine hours Finishing department Overhead costs Welding hours Support department Overhead costs 0 per welding hour 0 per purchase order Activity Driver Departmental OH Rate Total Overhead Cost $ 0 Model 145 Components Finishing Support $ 0 0 Activity Driver Departmental OH Rate Model 212 Components Finishing Support Total Overhead Cost S 0 $ 0 0 Required 1 Required 2 > 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 1,500 1,000 365 510 2,850 100 130 350 Model 212 3,100 3,600 365 370 5,360 100 90 175 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 $200 for Model 145 and $120 for Model 212. 3. If the market price for Model 145 is $1,100 and the market price for Model 212 is $300, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $200 for Model 145 and $120 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit 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 1,500 1,000 365 510 2,850 100 130 350 Model 212 3,100 3,600 365 370 5,360 100 90 175 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 $200 for Model 145 and $120 for Model 212. 3. If the market price for Model 145 is $1,100 and the market price for Model 212 is $300, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market price for Model 145 is $1,100 and the market price for Model 212 is $300, determine the profit or loss per unit for each model. (Loss amounts should 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