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 910 8,28 20 Finishing 5,900 weldins Inspecting Rework Overhead Cost Driver $ 450,000 Number of batches 303,000 Machine hours 233,000 Number of setups $996.000 $190.000 Helding hours 233,000 Number of inspections Rework orders 5 486,000 $ 149,000 Purchase orders 33,500 Number of units 69.000 Number of units $ 251,500 190 Support 543 Purchasing Providing space Providing utilities 4,870 Additional production information concerning its two product lines follows Mode 213 1,070 Units produced Welding hours Batches Number of inspection Machine hors Setups Bework orders Purchase orders Model 145 1,000 2.400 455 400 2.950 10 455 370 5,330 10 20 120 362 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 $310 for Model 145 and $160 for Model 212 3. If the market price for Model 145 is $1,475 and the market price for Model 212 is $300, 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.) Show less Components department Finishing department Support department Model 145 Activity Driver Departmental OH Rate Total Overhead Cost Finishing department Support department Activity Driver Model 145 Departmental OH Rate Total Overhead Cost Components Finishing Support Model 212 Activity Driver Departmental OH Rato Total Overhead Cost Components Finishing Support Benet Required 2 > 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 $310 for Model 145 and $160 for Model 212 3. If the market price for Model 145 is $1,475 and the market price for Model 212 is $300, 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 $310 for Model 145 and $160 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit us Required 1 Required 2 Required 3 If the market price for Model 145 is $1,475 and the market price for Model 212 is $300, 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.) Model 145 Model 212 Market price per unit Cost per unit Profit (loss) per unit