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.) 10 points Activity Components Changeover Machining Setups Process Overhead Cont $ 454,000 301,000 227,500 982.500 Driver Nunber of batches Machine hours Nunber of setups Quantity 750 7,630 60 Finishing Melding S 182.500 223,000 60, 350 Welding hours Nunber of inspections Revork orders 4,100 780 Inspecting Revork 220 $ 465,850 $ 136,000 32,350 60,740 $229,090 Support Parchasing Providing "pace Providing utilities Purehase orders Mumber of units Mumber of unite 533 6.600 6,600 Additional production information concening its two product lines follows Hodel 145 2,200 1.600 Model 212 Unite produced Welding hours 4,400 2,500 batches 375 375 Sumber of inapections Machine hours Setupe Revork orders 305 5, 300 30 475 2,330 30 140 80 Me 7 Additional production information concerning its two product lines follows Model 145 2,200 Model 212 4,400 2,500 375 305 5,300 Units produced Welding hours Batches Nunber of inspections Machine hours 10 1.600 375 points 475 2,330 Setups 30 30 Revork orders 140 80 Purchase orders 355 178 Required: Answer is not complete. 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. S Overhead costs per machine hour 219.85 1677.440 Machine hours 7,630 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $280 for Model 145 and $190 for Model 212. Plantwide OH rate Total Overhead Cost st per unit Activity Driver 2,330 s Units Produced 2.200 Overhead Assigned 219.85 s 512.251 Model 145 Me 7 of 10 w 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Overhead costs S 219.85 per machine hour 1.677.440 7,630 Machine hours points 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $280 for Model 145 and $190 for Model 212. Units Produced OH Cost Total Overhead Plantwide Activity Driver per unit Overhead Assigned Cost OH rate 2.200 S 512,251 219.85 2,330 Model 145 4,400 1,165,205 5,300 S 219.85 Model 212 Model 212 Model 145 Total manufacturing cost per unit: Materials and Labor Overhead Total manufacturing cost 3. If the market price for Model 145 is $748 and the market price for Model 212 is $450, determine the profit or loss per unit for each model. Model 212 Model 145 Market price 7 10