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.) Activity Components Changeover Machining Setups Process Overhead Cost Driver Number of batches Machine hours Number of setups Quantity 730 $ 453,500 300,400 227,000 7,630 180 $980,900 Finishing Welding Inspecting Rework $180,see 222,000 61,800 $ 464,300 Welding hours Number of inspections Rework orders 4,200 750 130 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 503 32,250 60,490 5,100 5,100 $ 230,740 Additional production information concerning its two product lines follows. Model 145 1,700 1,80e Model 212 Units produced Welding hours Batches Number of inspections Machine hours 3,400 2,400 365 455 365 295 2,280 5,350 Setups Rework orders Purchase orders 90 90 7e 60 335 168 Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line, Batches 365 365 Number of inspections Machine hours 455 295 2,280 5,350 Setups Rework orders Purchase orders 90 90 70 60 335 168 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 $250 for Model 145 and $150 for Model 212. Activity Driver Overhead Assigned Plantwide OH OH Cost per Units Produced Total Overhead Cost rate unit Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $738 and the market price for Model 212 is $470, determine the profit or loss per unit for each model. Model 145 Model 212 Market price