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. Process Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 830 8,560 60 Finishing Welding Inspecting Rework Overhead Cost $ 456,000 313,000 235,000 $1,004,000 $ 182.000 227,000 62,000 $ 471,000 $ 133,000 38,000 69,000 $ 240,000 Welding hours Number of inspections Rework orders 5,900 885 190 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 471 4,700 4,700 Additional production information concerning its two product lines follows. Model 145 1,600 2,400 415 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 212 3,100 3,500 415 380 5,310 30 505 3,250 60 130 314 157 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 $280 for Model 145 and $150 for Model 212. 3. If the market price for Model 145 is $2,075 and the market price for Model 212 is $320, determine the profit or loss per unit for each model. 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 0 Finishing department Support department Model 145 Activity Driver Departmental OH Rate Total Overhead Cost Components Finishing Support Model 212 Activity Driver Departmental OH Rate Total Overhead Cost Components Finishing Support 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 $150 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 If the market price for Model 145 is $2,075 and the market price for Model 212 is $320, 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 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 Components Activity Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 830 7,740 100 Finishing Welding Inspecting Rework Overhead Cost $ 454,000 301,600 226,000 $ 981,600 $ 182,200 223,000 61,550 $ 466,750 $ 134,500 31,800 60,150 $ 226,450 Welding hours Number of inspections Rework orders 5,200 745 270 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 495 5,700 5,700 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 1,900 1,800 415 460 2,340 Model 212 3,800 3,400 415 285 5,400 5 110 165 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 $260 for Model 145 and $200 for Model 212. Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Model 145 Model 212 0 Model 145 Model 212 3. If the market price for Model 145 is $734 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