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(@$31 per DLH) Direct materials cost Overhead Activity Machine setup costs $114,190 Materials handling 54,000 Quality control 63,210 $231,400 Product A 13,000 units 0.17 DLH per unit $ 2.4 per unit Product B 1,300 units 0.30 DLH per unit $ 2.8 per unit Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. Overhead Assigned Product A Product B OH Cost per Activity Driver Plantwide OH rate Total Overhead Cost Units Produced unit Product A Product B 3.- Dradrict B is $59 determine the profit or loss per unit for each 2. If the market price for Product A is $27.92 and the market price for Product B is $59, determine the profit or loss per unit for each product. Market price Product A Product B 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? Number of setups required for production Number of parts required Inspection hours required Machine setup Materials handling Quality control Product A Product B 3 setups 32 setups 10 part/unit 6 part/unit 56 hours 245 hours Overhead Assigned Activity Driver Activity rate Total Overhead Cost Product A Machine setup Materials handling Quality control Product B Machine setup Materials handling Quality control Total manufacturing costs Direct Materials per unit Direct Labor per unit Overhead per unit Product A Product B Total manufacturing cost per unit 4. If the market price for Product A is $27.92 and the market price for Product B is $59, determine the profit or loss per unit for each product assuming ABC costing. Market price 4.2 Should this information influence company strategy? O No O Yes Product A Product B