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. (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 7,610 160 4,300 Finishing Welding Inspecting Rework Overhead Cost Driver $ 457,500 Number of batches 300,400 Machine hours 229,000 Number of setups $ 986,900 $ 180, 300 Welding hours 229,000 Number of inspections 60,750 Rework orders $ 470,050 $ 134,500 Purchase orders 30,950 Number of units 60,500 Number of units $ 225,950 755 190 Support Purchasing Providing space Providing utilities 570 6,600 6,600 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 2,200 4,400 Welding hours 2,000 2,300 Batches 375 375 Number of inspections 500 255 Machine hours 2,310 5,300 Setups 80 80 Rework orders 90 100 Purchase orders 380 190 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 $300 for Model 145 and $140 for Model 212. Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 Model 212 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 2,200 2,000 375 500 2,310 80 90 380 Model 212 4,400 2,300 375 255 5,300 80 100 190 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 $300 for Model 145 and $140 for Model 212. Activity Driver Plantwide OH rate Total Overhead Cost 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