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 A Products Number of units produced 11,500 units 1,800 units Direct labor cost ( 523 per DLH) 8.16 DLH per unit 0.22 DH per unit Direct materials cost $ 1.80 per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 94,176 51,000 58,300 $203,476 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 Overhead Cost Units Produced OH Cost per unit Overhead Assigned Product Product B Product B 2. If the market price for Product is $26.28 and the market price for Product Bis 561, determine the profit or loss per unit for each product. Product Products Market price 2. If the market price for Product A is $26.28 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 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 11 setups 30 setups Number of parts required 20 part/unit 10 part/unit Inspection hours required 50 hours 215 hours Machine setup Materials handling Quality control Activity DIY Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handling Quality control Product B Machine setup Materials handing Quality control 1 Product B Machine setup Materials handling Quality control 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 act Market price 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? O NO O Yes