Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its component department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 dech places.) Process Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 800 6,000 120 Finishing Welding Inspecting Rework Overhead Cost $ 500,000 279,000 225.000 $1,004,000 $ 180,300 210,000 75.000 $ 465,300 $ 135,000 32,000 65.000 $ 232,000 Welding hours Number of inspections Rework orders 3,000 700 300 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 450 5,000 5,000 Additional production information concerning its two product lines follows. Model 145 Units produced Model 212 1.500 Welding hours 3,500 BOO 2.200 Batches 400 400 Number of inspections 400 300 Machine hours 1,800 4,200 Setups 60 Rework orders 160 140 Purchase orders 300 150 60 Required: 1. Using plantwide overhead rate based on machine hours, 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 $180 for Model 212. Number of inspections Machine hours Setups Rework orders Purchase orders 400 1,800 60 160 300 300 4,200 60 140 150 Required: 1. Using a plantwide overhead rate based on machine hours, 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 $180 for Model 212. Activity Driver Plantwide OH rate Total Overhead Cost OH Cost per Units Produced unit Overhead Assigned Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $820 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