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 unlt" answers to 2 decimal places.) Product A Number of units produced 12,500 units Direct labor cost (@ $24 per DLH) 0.20 DLH per unit Direct materials cost $ 1.50 per unit Product B 1,400 units 0.23 DLH per unit $ 2.30 per unit Mat ne serctivit Machine setup Materials handling Quality control inspections Overhead costs $151,794 61,000 60,940 $273,734 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 A Product B 2. If the market price for Product A is $31.94 and the market price for Product B is $63, determine the profit or loss per unit for each product. Product 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 setups 14 setups Number of parts required 10 part/unit part/unit Inspection hours required 52 hours 225 hours Machine setup Materials handling Quality control Overhead Assigned Activity Driver Activity Rate Total Overhead Cost Product A 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 loss per unit for each product assuming ABC costing. Product A Product B Market price