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 unith answers to 2 decimal places Number of units produced Direct labor cost (e $29 per DLR) Direct materials cost Product A 11,000 units 0.14 DLH per unit $ 1.30 per unit 11300 units 0.22 De per unit $ 2.10 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 31,916 60,000 74.250 $166,166 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 Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Product A Product B Product Product A Product B 2. If the market price for Product A Is 523.72 and the market price for Product B is $61, determine the profit or loss per unit for each product Product A Product B Market price saved 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 setups setups Number of parts required part/unit part/unit Inspection hours required 50 hours 225 hours Machine setup Materials handling Quality control & Total Overhead Assigned Activity Driver Activity Rate Overhead Cost Product A Machine setup Materials handling Quality control setups parts inspection hours Product B Machine setup Materials handling Quality control Product A Product B Total manufacturing costs Direct Materials per unit Direct Labor per unit Overhana init 1 . Machine setup Materials handling Quality control setups parts inspection hours . lol Product B Machine setup Materials handling Quality control Product A Total manufacturing costs Direct Materials per unit Direct Labor per unit Overhead per unit Total manufacturing cost per unit T TIE 1 4. Determine the profit or loss per unit for each product assuming ABC costing. Product A Product B Market price