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 Support Rework Purchasing Providing space Providing utilities Driver Machine hours Quantity 750 7,990 160 Overhead Cost $ 452,000 Number of batches 313,000) 226,000 Number of setups $ 991,000 $ 192,000 Welding hours 4,500 222,000 Number of inspections 865 63,000 Rework orders 230 $ 477,000 $141,000 Purchase orders 5490 33,000 67,000 $ 241,000 Number of units 5,000 Number of units 5,000 Additional production information concerning its two product lines follows Model 145 Model 212 Units produced 1,900 3,100 Welding hours 1,400 3,100 Batches 375 375 Number of inspections 485 380 Machine hours 2,650 5,340 Setups 80 80 Rework orders Purchase orders 130 100 3661 183 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 $280 for Model 145 and $140 for Model 212. 3. If the market price for Model 145 is $1,400 and the market price for Model 212 is $310, 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 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. (Round your intermediate calculations and per unit cost answers to 2 decimal places.)