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. erhead Cost Driver 800 6,000 Components Changeover 500,000 Number of batches 279,000 Machine hours Machining Setups 225,000 Number of setups $1,004,000 Finishing Welding ,300 Welding hours 3,000 Inspecting Rework Number of inspections 210,000 75,000 Revork orders Purchase orders Number of units Providing utilities65,000 Number of unites $ 465,300 135,000 32,000 450 5,000 5,000 Support Purchasing Providing space $ 232,000 Additional production information concerning its two product lines follows Mode1 145Model 212 3,500 2,200 400 300 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 1,500 800 400 400 1,800 160 300 140 150 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 $250 for Model 145 and $180 for Model 212 3. If the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss per unit for each