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 Quantity 770 8, 240 100 Finishing Welding Inspecting Rework Overhead Cost Driver $ 435,050 Number of batches 374,920 Machine hours 184,500 Number of setups $ 994, 470 $ 320, 880 Welding hours 293, 250 Number of inspections 53,200 Rework orders $ 667,330 S 208, 310 Purchase orders 31, 800 Number of units 117,180 Number of units 357,290 5, 600 850 190 Support Purchasing Providing space Providing utilities 563 7,800 7,800 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 2,600 1,600 385 4.70 2,950 50 140 375 Model 212 5,200 4,000 385 380 5,290 50 50 188 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 $210 for Model 145 and $116 for Model 212. 3. If the market price for Model 145 is $566.54 and the market price for Model 212 is $326.71, determine the profit or loss per unit for each model 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 Activity Expected Costs Activity Rate Expected Activity s 435,050 374,920 184,500 770 Number of batches 8,240 Machine hours 100 Setups Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities 5 320,880 293.250 53,200 5,600 Welding hours 850 Inspections 190 Rework orders $ 208,310 148.980 563 Purchase orders 7,800 Units Total overhead cost Total units produced Overhead cost per unit 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 $210 for Model 145 and $116 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 $566.54 and the market price for Model 212 is $326.71, 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