Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.)

Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Number of units produced Direct labor cost (@ $24 per DLH) Direct materials cost Product A 10,000 units 0.20 DLH per unit $ 2 per unit Product B 2,000 units 0.25 DLH per unit $ 3 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $121,000 48,000 80,000 $249,000 costs 249,000$ 99.60 per directo Answer is not complete. 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. Overhead $ labor hour Direct labor 2,50 hours Total Overhead Activity Plantwide Units OH Cost Overhead Assigned Driver OH rate Produced per unit Cost Product A 1 2,00 $ 99.6 $ 199,200 10,00 $ 19.9 Product B 50 $ 99.6 $ 49,800 2,00 $ 24.9 Total manufacturing cost per unit: Direct material cost per Product A s 2.00 Product B 3.00 unit Direct labor cost per unit Overhead cost per unit 1 Total manufacturing 4.8 19.92 26.72 $ 6.00 24.90 33.90 S cost 2. If the market price for Product A is $20 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 $ 20.0 $ 60.0 Manufacturing cost per (26.72) (33.90) unit Profit(loss) $ (6.27X $ 26.1 per unit 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 Number of setups required for 10 setups 12 setups production Number of 1 part/unit 3 part/unit parts required Inspection 40 hours 210 hours hours required Machine setup Number of setups $ 121,000 0 per setup Materials handling Direct materials $ 48,00 per direct material X dollar