Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their 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.) Quantity Process Activity Components Changeover Machining Setups 740 Finishing ching 4.800 Welding Inspecting Rework Overhead Cost Driver $ 455,000 Number of batches 300,400 Machine hours 227,000 Number of setups $982,400 $ 182.000 Welding hours 223.000 Number of inspections 60.250 Rework orders $ 465,650 $ 136,000 Purchase orders 30,400 Number of units 60,040 Number of units $ 226.440 Support Purchasing Providing space Providing utilities 555 6.600 6,600 Additional production information concerning its two product lines follows. Model 145 2,200 2,200 Model 212 4.400 2.600 365 Units produced Welding hours Batches Number of inspections Machine hours Setups Revork Orders Purchase orders 490 2,340 365 255 5.400 120 120 370 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 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 $160 for Model 212. Activity Driver Plantwide OHTotal Overhead Cost rate Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $748 and the market price for Model 212 is $480, determine the profit or loss per unit for each model. Model 145 Model 212 Market price