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 Products Number of units produced 12,000 units 1,000 units Direct labor cost $25 per DH 0.11 L per unit 0.20 D per unit Direct materials cost $ 1.60 per unit 5 2.70 per unit Activity Machine setup Material handling Quality control inspections Overhead costs $ 21,924 59.000 194, 100 5175, 104 Required: 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. 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. If the market price for Product Als $21.15 and the market price for Product is $60, determine the profit or loss per unit for each product Product A Product B Market price Consider the following additional information about these two product lines. IT ABC is useoabr astigning overhead costs to products, what is the cost per unit for Product A and for Product B? Product A Number of setups required for production Number of parts required Inspection hours required 7 8 62 setups portunit 18 10 215 Product B setups parf/unit hours hours 2. If the market price for Product A is $21.15 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 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 production 7 setups setups Number of parts required part/unit 10 part/unit inspection hours required 62 hours 215 hours 18 8 Machine setup Materials handling Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handling HT