2 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) Number of units produced Direct labor cost $29 per DLH) Direct materials cost Product A 12,500 unita 0.18 DLH per unit $ 2.40 per unit Product D 1.100 units 0.21 DLH per unit $ 2.90 per unit Skipped Activity Machine setup Materials handling Quality control inspections Overhead costs $ 69,834 59,000 104,380 8233,214 Print Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. O per unit Overhead costs Direct labor hours Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Overhead Assigned Product A Product B Product A Product B 2 2. If the market price for Product A is $30.78 and the market price for Product B is $60, determine the profit or loss per unit for each product. Product A Product B Market price Skipped 3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to products, what is the cost per unit for Product A and for Product B? Product A Product B 7 24 Number of setups required for production Number of parts required Inspection hours required setups part/unit setups part/unit 8 11 Print 52 hours 255 hours Machine setup 0 Materials handling 0 Quality control 0 Activity Driver Activity Rate Total Overhead Cost 2 Overhead Assigned Product A Machine setup Materials handling Quality control Skipped $ Print 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 4. Determine the profit or loss per unit for each product assuming ABC costing. Product A Market price Product B