Return to question 4 Exercise 4-8 Using departmental overhead rates to assess prices LO P2 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 14.28 polnts Process Activity Overhead Cost Driver Quantity Components Changeoven Machining Setups $ 500,000 Number of batches 279,000 Machine hours 800 6,000 120 225,000 Number of setups $1,004,000 210,000 $ 465, 300 Finishing Welding $180,300 Welding hours Inspecting Rework 3,000 700 300 Number of inspections 75,000 Rework orders Purchasing Providing spac Providing utilities Support $ 135,000 Purchase orders 32,000 65,000 $ 232,000 Number of units Number of units 450 5,000 5,000 Additional production information concerning its two product lines follows Model 145 Model 212 Units produced Welding hours Batches Number of inspections Machine hours 1,50e 800 400 400 1,800 3,500 2,200 400 300 4,200 Return to question 4 Setups Rework orders Purchase orders 60 160 300 60 140 150 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 $250 for Model 145 and $180 for Model 212. 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 14.28 points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below 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 Return to question 995,000 3S 7,840 126.91 per machine hour Machine hours Finishing department per machine hour 14.28 points Machine hours 7,840 Support department $ 245.00 31.25 per machine hour Machine hours 7,840 Activity Departmenta Total Overhead Cost Model 145 Driver OH Rate 7,840 S 26.91 S Components Finishing Support Total Overhead Cost Units Produced Overhead cost per unit 994,974 57,007 15,844 1,067,825 1,500 219.13 31.25 Activity Departmental Total Overhead Cost Model 212 Driver OH Rate Components Finishing Support Total Overhead Cost Units Produced Overhead cost per unit 5,290 S 5,290 S 5,290 S 26.91 60.97 $ 31.25 671,354 322,531 165,313 ,159,198 3,080 219.13 Return to question sts to the finishing department. Assign costs to the support department based on number of purchase orders 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. If the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss r unit for each model 14.28 polnts Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 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. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 $250.00180.00 520.26 $ 590.26 700.26 aterials and Labor per ni verhead cost per unit otal cost per unit 340.26 Required 1 Required 3