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 7,940 80 Finishing Welding Inspecting Rework Overhead Cost Driver $ 411,950 Number of batches 369,210 Machine hours 150,800 Number of setups $ 931,960 $ 280, 320 Welding hours 302,100 Number of inspections 32,900 Rework orders $ 615,320 $ 175, 725 Purchase orders 31,000 Number of units 141,800 Number of units $ 348,525 4,800 795 140 Support Purchasing Providing space Providing utilities 495 9,000 9,000 Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Model 145 3,000 1,000 385 475 2,650 40 80 330 Model 212 6,000 3,800 385 320 5,290 40 60 165 Setups Rework orders Purchase orders 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 $250 for Model 145 and $112 for Model 212. 3. If the market price for Model 145 is $529.68 and the market price for Model 212 is $288.84, 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 Expected Costs Expected Activity Activity Rate $ 411,950 369,210 150,800 770 Number of batches 7,940 Machine hours 80 Setups Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities $ 280,320 302,100 32,900 4,800 Welding hours 795 Inspections 140 Rework orders $ 495 Purchase orders 175,725 172,800 9,000 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 145 and $112 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 $529.68 and the market price for Model 212 i 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