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17 Assignment Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations
17 Assignment Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places) Product A Products Number of units produced 12,000 units 1,100 units Direct labor cost (o $29 per DLH) 0.20 DLH per unit 0.29 DCH per unit Direct materials cost $ 2,40 per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 82,072 55,000 102,200 $239, 272 Required: 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line 0 Total Overhead Cost Units Produced OH Cost per Activity Driver Plantwide OH rate rhead Assigned Assignment Overhead Assigned Product A Product B Activity Driver Plantide OH rate Total Overcos Product A Product B 2. If the market price for Product A is $30.92 and the market price for Product B is $63, determine the profit or lars per unit for each prowad. Product A Product B Market price 3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to products, what is cost per unit for Product A and for Product B? Product A Product B Number of setups required for production 8 setups 18 setups Assignment Consider the following additional information about these we product lines Auto coal per unit for Product A und for Product B? Product A Nurnber of setups required for production 8 setups 18 Number of parts required 10 part/unit 4 Inspection hours required 52 hours 240 Product B ses partiunt hours Machine setup Materials handling 01 Quality control of Total Overhead Cost Activity Rate Activity Driver Overhead Assigned Product A Machine setup Next > Assignment Agnea Product A Machine setup Materials handing Quality control Product B Machine setup Materials handling Quality control Product A Product B Total manufacturing costs Direct Materials per unit Direct Labor per unit Overhead per unit Total manufacturing cost per unit Prey Next 3 of 4 Direct Materials per unit Direct Labor per unit Overhead per unit Total manufacturing cost per unit 4. Determine the profit or loss per unit for each product assuming ABC costing- Product A Product B Market price 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? No Yes M
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