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.) Process Activity Components Changeover Machining Setups Quantity 750 7,720 140 Finishing Welding Inspecting Rework Overhead Cost Driver $456,000 Number of batches 300,600 Machine hours 228,000 Number of setups $984,600 $182,800 Welding hours 221,000 Number of inspections 61,350 Rework orders $465,150 $134,500 Purchase orders 31,550 Number of units 60,830 Number of units $226,880 5,300 775 190 Support Purchasing Providing space Providing utilities 480 6,000 6,000 Additional production information concerning its two product lines follows. Model 145 2,000 2,000 Model 212 4,000 3,300 375 265 5,400 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 375 510 2,320 70 70 120 160 320 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 $220 for Model 145 and $160 for Model 212. Overhead Assigned Activity Activity Driver Plantwide On Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 Model 212 O Model 145 Model 212 3. If the market price for Model 145 is $759 and the market price for Model 212 is $500, determine the profit or loss per unit for each model. Model 145 Model 212 Market price 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. Process Activity Components Changeover Machining Setups Quantity 830 8,490 80 Finishing Welding Inspecting Rework Overhead Cost Driver $456,000 Number of batches 313,000 Machine hours 224,000 Number of setups $993,000 $188,000 Welding hours 223,000 Number of inspections 62,000 Rework orders $473,000 $147,000 Purchase orders Number of units 62,000 Number of units $245,500 6,000 840 200 Support Purchasing Providing space Providing utilities 36,500 Numb 537 4,690 4,690 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 1,600 2,400 415 460 3,150 40 80 358 Model 212 3,090 3,600 415 380 5,340 40 120 179 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 $180 for Model 145 and $170 for Model 212 3. If the market price for Model 145 is $800 and the market price for Model 212 is $270. 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 Activity Driver Departmental OH Rate T Total Overhead Cost Model 145 Components Finishing Support Model 212 Activity Driver Departmental OH Rate Total Overhead Cost Components Finishing Support 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 $180 for Model 145 and $170 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 Required 1 Required 2 Required 3 If the market price for Model 145 is $800 and the market price for Model 212 is $270, 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