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 Driver Number of batches Machine hours Number of setups Quantity 750 8,480 180 Setups Finishing Welding Inspecting Rework Overhead Cost $ 468,750 396,016 324,000 $1,188,766 9 288,610 269,925 44,000 $ 602,535 $ 184,800 31,000 125,330 341,130 Welding hours Number of inspections Rework orders 4,900 885 200 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 480 8,100 8,100 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 2,700 1,200 375 485 3,150 90 130 320 Model 212 5,400 3,700 375 400 5,330 90 70 160 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 $190 for Model 145 and $114 for Model 212 3. If the market price for Model 145 is $548.30 and the market price for Model 212 is $330.46, determine the profit or loss per unit for each model. 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 $190 for Model 145 and $114 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 2 Required 3 If the market price for Model 145 is $548.30 and the market price for Model 212 is $330.46, 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 1 Required 2 Required 3 Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.) Model 145 Activity driver Overhead incurred assigned Model 212 Activity driver Overhead incurred assigned Expected Costs Activity Rate Expected Activity $ 468,750 396,016 324.000 750 Number of batches 8,480 Machine hours 180 Setups Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities $ 288.610 269.925 44,000 4,900 Welding hours 885 Inspections 200 Rework orders $ 184,800 156,330 480 Purchase orders 8,100 Units Total overhead cost Total units produced Overhead cost per unit