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 Driver Number of batches Machine hours Number of setups Quantity 790 7,670 180 Finishing Welding Inspecting Rework Overhead Cost $ 533,250 361,257 328,500 $1,223,007 $ 339, 150 276,800 58,650 $ 674,600 $ 170,560 30,400 47,300 248,260 Welding hours Number of inspections Rework orders 5,100 865 230 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 533 4,200 4,200 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 1,400 2,200 395 515 2,350 90 120 355 Model 212 2,800 2,900 395 350 5,320 90 110 178 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 $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $951.22 and the market price for Model 212 is $519.49, 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.) Expected Costs Expected Activity Activity Rate Model 145 Activity driver Overhead incurred assigned Model 212 Activity driver Overhead incurred assigned $ $ 266,6251 533.250 361,257 328.500 790 Number of batches 7,670 Machine hours 180 Setups $ $ 675.00 per batch 47.10 per machine hour 1,825.00 per setup 395 $ 2,350 90 395 $ 5,320 90 266,625 250,572 164.250 164,250 Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities $ $ 2,200 339,150 276,800 58,650 5,100 Welding hours 865 Inspections 230 Rework orders $ $ 66.50 per welding hour 320.00 per inspection 255.00 per rework order 146,300 164,800 30,600 2,900 350 515 192,850 112,000 28,050 $ 120 110 $ $ 56,960 170,560 77,700 533 Purchase orders 4,200 Units 355 1,400 178 2,800 $ 320.00 per purchase order 18.50 per unit Total overhead cost Total units produced Overhead cost per unit 113,600 25,900 912.075 51,800 1.123.107 1,400 2,800 401.11 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 $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $951.22 and the market price for Model 212 is $519.49, 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 $220 for Model 145 and $118 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. 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 $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $951.22 and the market price for Model 212 is $519.49, 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 If the market price for Model 145 is $951.22 and the market price for Model 212 is $519.49, 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