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 Components Activity Changeover Overhead Cost $ 462,000 Driver Number of batches Machining Setups 305,000 Machine hours 226,000 Number of setups Quantity 750 8,290 220 $ 993,000 Finishing Welding $ 190,000 Welding hours 5,600 Inspecting 222,000 Number of inspections: 910 Rework 62,000 Rework orders 140 $ 474,000 Support Purchasing $ 143,000 Purchase orders 549 Providing space Providing utilities 35,500 Number of units 5,030 66,000 Number of units 5,030 $244,500 Additional production Information concerning its two product lines follows. Units produced Model 145 2,000 Model 212 3,030 Welding hours 2,600 3,000 Batches 375 375 Number of inspections 510 400 Machine hours 2,950 5,340 Setups 110 110 Rework orders 100 40 Purchase orders 366 183 Components department Overhead costs $ Machine hours Finishing department 993,000 $ 8,290 119.78 per machine hour Overhead costs $ 474.000 $ 84.64 per welding hour Welding hours Support department Overhead costs Number of purchase orders 5,600 $ 244,500 $ 549 445.36 per purchase order Model 145 Components Finishing Support Model 212 Components Finishing Support Activity Departmental Total Overhead Cost Driver OH Rate 993,000 $ 0 $ 0 0 Activity Driver Departmental OH Rate Total Overhead Cost $ 0 $ 0 0 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 $230 for Model 145 and $200 for Model 212. 3. If the market price for Model 145 is $1,025 and the market price for Model 212 is $330, 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 $230 for Model 145 and $200 for Model 212. (Round your Intermediate calculations and cost per unit answers to 2 decimal places.) Materials and Labor per unit Overhead cost per unit Total cost per unit Model 145 Model 212 < Required 1 Required 3> 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 $230 for Model 145 and $200 for Model 212. 3. If the market price for Model 145 is $1,025 and the market price for Model 212 is $330, 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 $1,025 and the market price for Model 212 is $330, 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 Cost per unit Profit (loss) per unit Model 145 Model 212 < Required 2 Required 3>