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 (@$30 per DLH) Direct materials cost Product A 12,500 units 0.13 DLH per unit $ 2.50 per unit Products 1,300 units 0.24 DLM per unit 5 2.70 per unit Activity Hachine setup Materials handling Quality control inspections Overhead costs $ 51,706 51,000 67.250 $170,456 Required: 1. Using direct labor hours as the basis for ansigning overhead costs, determine the total production cost per unit for each product line. Overhead costo Direct labor hour Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Product Product Product Product 2. If the market price for Product Ais 522.56 and the market price for Product B is 555, determine the profit or loss per unit for each product Product Product 2. If the market price for Product Ais $22.96 and the market price for Product Bis $56, determine the profit or loss per unit for each product Product A Products 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 stups required for production 6 setups 14 setups Number of parts required 4 part/unit 8 partunit Inspection hours required 56 hours 215 hours Machine setup Materials handling Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product Machine setup Maturais handling Quality control Overhead Assigned Activity Driver Activity Rate Total Overhead Cost Product Machine setup Materials handling Quality control $ Product B Machine setup Materials handling Quality control Product A 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 lons per unit for each product assuming ABC conting Product Market price Product B 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? Yes O No