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 (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 decimal places.) Process Components Activity Changeover Overhead Cost Oriver Quantity $450,500 Number of batches 750 300,200 Machine hours 7,740 225,500 Number of setups 180 $976,200 Welding hours 4,200 Number of inspections 760 61,050 Rework orders 250 $473,450 $137,500 Purchase orders 533 31,550 Number of units 5,700 60,890 Number of units 5,700 $ 229,940 Machining Setups Finishing Welding Support Inspecting Rework Purchasing Providing space Providing utilities $ 182,400 230,000 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 1,900 3,800 Welding hours 1,800 2,400 Batches 375 375 Number of inspections 505 255 Machine hours 2,290 5,450 Setups 90 90 Rework arders 160 90 355 178 Purchase orders Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Overhead costs Machine hours 976 200 S 7,740 126.12 per machine hour 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 $180 for Model 212. nacnine nours Setups Rework orders 90 160 90 Purchase orders 355 178 Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Overhead costs Machine hours $ 976.200 $ 7.740 126.12 per machine hour 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 $180 for Model 212. Overhead Assigned Model 145 Model 212 0 Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit $ 0 $ 0 Model 145 Model 212 3. If the market price for Model 145 is $738 and the market price for Model 212 is $460, determine the profit or loss per unit for each model. Market price Model 145 Model 212