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 Process Activity Components Changeover Overhead Cost Driver Quantity 527,050 391,998 376,000 $1,295,048 Number of batches Machine hours Number of setups 830 ,270 200 Machining Setups 273,500 290,400 37,500 601,400 Finishing Welding Inspecting Rework Welding hours Number of inspections Rework orders 5,000 880 150 Purchasing Providing space Providing utilities $196,170 30,100 90,860 317,130 Support Purchase orders Number of units Number of units 503 6,300 6,300 Additional production information concerning its two product lines follows Model 145 Model 212 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 2,100 1,200 415 500 2,950 100 100 335 4,200 3,800 415 380 5,320 100 50 168 Required 1. Using ABC, compute the overhead cost per unit for each product line 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $240 for Model 145 and $119 for Model 212 3. If the market price for Model 145 is $725.34 and the market price for Model 212 is $403.98, determine the profit or loss per unit for each model Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimals places.) Model 145 Model Activity driver Overhead Activity driver assigned Activity Expected Costs Expected Activity Activity Rate incurred incurred Components Changeover Machining Setups 527,050 391,998 376,000 830 Number of batches 8,270 Machine hours 200 Setups Finishing Welding Inspecting Rework $273,500 290,400 37,500 5,000 Welding hours 880 Inspections 150 Rework orders Support Purchasing 196,170 503 Purchase orders Providing space and utilities 120,960 6,300 Units Total overhead cost Total units produced Overhead cost per unit Required 1Required 2Required 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $240 for Model 145 and $119 for Model 212. (Round your final answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit Required 1 Required 3> Required 1 Required 2Required 3 If the market price for Model 145 is $725.34 and the market price for Model 212 is $403.98, determine the profit or loss per unit for each model. (Round your final answers to 2 decimal places.) Model 145 Model 212 Price per unit Cost per unit Profit (loss) per unit Required 2 Required 3