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 Number of unite produced Products 12,000 top Product Direct labor cost $24 per II) 0.14 D per unit 0:25 DL per unit Direct risterials cout $ 2.50 per unit $ 2.10 per unit ASEY Machine watup Material handling Quality control Inspections Overhead co 3 36,155 55, DD 99,960 O 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 Plantwice OH rate Total Overhead Cest Units Produced OH Com per unit Overhead Assigned Product Product B Product A Product B 2. If the market price for Product A is $24 and the market price for Preduet B is $56, determine the profit or loss per unit for each product Product A Product Market price 3. Consider the following additional information about these two product lines. 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 Number of setups required for production 9 setups 24 setup Number of parts require 14 partit |parturit Inspection hours required 54 hours 240 hours Machine setup Material handling Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handing Quality control Product Machine walup Materials handing Quality control Product 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 assunting ABC costing Product A Market price Product 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? ONO