Required: 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $180 for Model 145 and $180 for Model 212 Activity Plantwide OH Total Overhead Cost Produced Units OH Cost per Overhead Assigned Model 145 Model 212 Driver rate unit 0 Model 145 Model 212 3. If the market price for Model 145 is $746 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 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.) s Activity Overhead Cont Driver Quantity 730 456,000 Number of batches 301,400 Machine hours 226,500 Number of setupa Components Changeover Machining Setups 7,520 80 $983,900 180,800 Welding houro 223,000 Number of Lnopection 5,400 725 160 Finishing Welding Inspecting Rework 60.950 Rewozk ordera 464,750 $ 137,500 Purchase order 540 6,000 6,000 Support Purchasing Providing space Providing utilities 32,000 60,070 s229,570 Number of unita Number of units Quantity Process Activity Components Changeover Overhead Cost Driver 456,000 301,400 226,500 $983,900 Number of batches Machine hours Number of setups 730 7,520 80 Machining Setups 180,800 Welding hours 223,000Number of inspections 5,400 725 160 Finishing Welding Inspecting Rework Rework orders 60,950 464,750 $ 137,500 32,000 60,070 s 229,570 Purchase orders Number of units Number of unito 540 6,000 6,000 Support Purchasing Providing space Providing utilities Additional production information concerning its two product lines follows. Mode1 145 Model 212 Unito produced Welding hours Batchers Number of inspections Machine hours Setups Rework ordoro Purchase orders 2,000 2,000 365 465 2,270 40 70 360 4,000 3,400 365 260 5,250 40 90 180