Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Number of units produced Direct labor cost(@$24 per DLH) Product A 10,000 units 0.20 DLH per unit $ 2 per unit Product B 2,000 units 0.25 DLH per unit $ 3 per unit Direct materials cost Activity Machine setup Materials handling Quality control Overhead costs $ 121,000 48,000 80,000 $249,000 Required: 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. 0 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 $20 and the market price for Product B is $60, 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 Number of parts required Inspection hours required 10 setups 1 part/unit 12 setups 3 part/unit 40 hours 210 hours Machine setup 0 O Materials handling 0 0 O Quality control 0 Overhead Assigned Activity Driver Activity rate Total Overhead Cost Product A Machine setup Materials handling Quality control 0 Product B ine setup Materials handling Quality control 0 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 4.2 Should this information influence company strategy? Yes