Question: i need help filling in the rest! Exercise 17-7 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models

i need help filling in the rest!
i need help filling in the rest! Exercise 17-7 Using the plantwide
overhead rate to assess prices LO P1 Way Cool produces two different

Exercise 17-7 Using the plantwide overhead rate to assess prices LO P1 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 Driver Number of batches Machine hours Number of setups Quantity 800 6,000 120 Finishing Welding Inspecting Rework Overhead cost $ 500,000 279,000 225,000 $1,004,000 $ 180,300 210,000 75,000 5 465,300 $ 135,000 32,000 65,000 232,000 Welding hours Number of inspections Rework orders 3,000 700 300 Support 450 Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 5,000 5,000 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 1,500 3,500 Welding hours BOD 2,200 Batches 400 400 Number of inspections 300 Machine hours 1.800 4,200 Setup 60 60 Rework orders 160 140 Purchase orders 300 150 400 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. $ Overhead costs s 167.33 1,004,000 per machine hour Machine hours 6,000 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 $180 for Model 212. OH Cost Overhead Assigned Model 145 Model 212 Activity Plantwide Driver OH rate 1,800 $ 283.55 4,200 $ 283.55 Units Produced Total Overhead Cost $ 510,390 IS 1,190,910 per unit Total manufacturing cost per unit: Materials and Labor Overhead Total manufacturing cost Model 145 250.00 Model 212 180.00 $ $ 250.00 $ 180.00 3. If the market price for Model 145 is $820 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 $ 820.00 480.00 Manufacturing cost per unit (250.00) (180.00) Profit(loss) per unit 229.74 $

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