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 Finishing Welding Inspecting Rework Overhead Cost $ 466,000 Driver Number of batches 309,000 Machine hours 230,000 Number of setups $1,005,000 $ 188,000 229,000 65,000 Quantity 870 8,000 200 Welding hours 4,100 Number of inspections 810 Rework orders 200 Support Purchasing Providing space Providing utilities $ 482,000 $ 135,000 Purchase orders 561 35,000 64,000 Number of units 4,530 Number of units 4,530 $ 234,000 Additional production Information concerning its two product lines follows. Units produced Model 145 1,500 Model 212 3,030 Welding hours 1,000 3,100 Batches 435 435 Number of inspections 470 340 Machine hours 2,650 5,350 Setups 100 100 Rework orders Purchase orders 130 70 374 187 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 $180 for Model 212 3. If the market price for Model 145 is $1,475 and the market price for Model 212 is $320, 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 $1,475 and the market price for Model 212 is $320, 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.) Market price per unit Model 145 Model 212 Cost per unit Profit (loss) per unit < Required 2 Required 3 >