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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

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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 (e $26 per DLH) Direct materials cost Product 12,000 units 0.18 DLH per unit $ 1.80 per unit Products 1,500 units 0.29 DLA per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 81,665 54,000 90, 100 $225, 765 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line Overhead costs 225,665 $ 86.96 per direct labor hour Direct tabor hours 2,595 Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Product A 2,150 $ 86.96 $ 187.834 12,000 s 15.85 Product B 435 s 85 961 $ 37 828 1,500 $ 25 22 Product A 1.80 $ Product B 290 $ Total manufacturing cost per unit: Direct material cost per unit Direct labor cost per unit Overhead cost per unit Total manufacturing cost 15.65 17.45 $ 25.22 28.12 2. If the market price for Product Als $28.38 and the market price for Product 8 Is $62, 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 2 setups 20 setups Number of parts required 8 part/unit 9 part/unit Inspection hours required 50 hours hours 215 Machine setup Materials handling of Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handling Quality control $ + Product B Machine setup Materials handling Quality control $ 0 Product A Product 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 assuming ABC costing. Product A Market price Product B

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