Consider the following data for two products of Gitano Manufacturing. (Lou: amounts should be Indicated with a minus sign. Round your Intermediate calculations and "OH rate and cost per unlt" answers to 2 decimal places.) Number of units produced Direct labor cost (@ $28 per DLH) Direct materials cost Product A 13,500 units 0.19 DLH per unit $ 2.10 per unit Producte 1, 480 units 8.22 DLH per unit $ 2.98 per unit Machine setup Materials handling Quality control inspections Overhead costs $132,889 61,888 $267,189 Required: Requlred: 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 s 267. 189 $ 93.00 per direct labor hour Direct labor hours 2,873 Overhead Assigned Activity Driver | Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Product A Products Product A Product B 2. If the market price for Product A is $30.21 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 2 setups 14 setups Number of parts required 16 part/unit 10 part/unit Inspection hours required 50 hours 235 hours Machine setup 011 Materials handling 0 Quality control Overhead Assigned Activity Driver Activity Rate Total Overhead Cost Product A Machine setup Materials handling Quality control S Product B Machine setup Materials handling Quality control $ 0 Product A Total manufacturing costs Direct Materials per unit Product B 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