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 730 7,690 200 Finishing Welding Inspecting Rework Overhead Cost Driver $ 452,500 Number of batches 300,600 Machine hours 227,500 Number of setups $988,600 $ 182,480 Welding hours 233,000 Number of inspections 60,550 Rework orders $475,950 $ 137,500 Purchase orders 31.500 Number of units 60, 430 Number of units $ 229,430 4,200 810 150 Support Purchasing Providing space Providing utilities 480 4,500 4,500 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 1.500 3.000 Welding hours 1,800 2,400 Batches 365 Number of inspections 340 Machine hours 2,290 5,400 Setups Rework orders 110 Purchase orders 160 365 470 10e 48 32e Required: 1. Using a plantwide overhead ste based on machine hours, compute the overhead cost per unit for each product line. Overhead costs Machine hours 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $290 for Model 145 and 5120 for Model 212. Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 1,800 365 470 2,290 100 110 320 2,400 365 340 5,480 100 4e 160 Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Overhead costs Machine hours 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $290 for Model 145 and $120 for Model 212. Activity Driver Plantwide OH intwide Of 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 $740 and the market price for Model 212 is $490, determine the profit or loss per unit for each model. Model 145 Model 212 Market price