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.) Product A Product B Number of units produced 10,000 units 0.20 DLH per unit 2 per unit 2,000 units 0.25 DLH per unit $ 3 per unit Direct labor cost ( $24 per DLH) Direct materials cost Activity Overhead costs Machine setup $121,000 48,000 Materials handling Quality control inspections 80,000 $249,000 Required Answer is not complete. 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line 99.60per direct labor hour $ 249,000 2,500 Direct labor hours Activity Driver Plantwide OH OH Cost Total Overhead Overhead Assigned Units Produced Cost rate per unit 99.60 $ 0,000 9.92 2,000 124.50 2,000 $ Product A 199,200 500 99.60 $ Product B 49,800 Total manufacturing cost per unit Product A Product B 2.00 $ 3.00 6.00 Direct material cost per unit 4.80 Direct labor cost per unit Overhead cost per unit 124.50 19.92 26.72 133.50 Total manufacturing cost 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 20.00 60.00 Market price (26.72) (133.50) Manufacturing cost per unit Profit(loss) per unit 73.50 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? ProductA Product B 10 setups 12 setups Number of setups required for production Number of parts required part/unit 3 part/unit 210 hours 40 hours Inspection hours required Machine setup $ 121,0005 5,500.00 per setup Number of setups Materials handling $ 48,000 16,000 3.00 per part Number of parts Total Overhead Assigned Activity Driver Activity rate Overhead Cost Product A 10 setups 55,000 5,500.00 per setup Machine setup 10,000 parts Materials handling X per part 12,000 30,000.00 320.00per inspection hour 40 0 inspection hours $ 12,800 Quality control Total overhead costs assigned $ 79,800 Total units produced Product B 12 setups 5,500.00 per setup 66,000 Machine setup 90,000 Materials handling 30,000.00 per part parts 320.00 per inspection hour 210inspection hours Quality control 67,200 Total overhead costs assigned $ 223,200 2,000 Total units produced Overhead cost per unit $84.60 Total manufacturing costs Product A Product B 2.00 4.80 Direct Materials per unit 3.00 6.00 Direct Labor per unit Overhead per unit 7.98 84.60 14.78 93.60 Total manufacturing cost per unit Total overhead costs assigned $ 223,200 2,000 Total units produced Overhead cost per unit $84.60 Total manufacturing costs Product A Product B 2.00 3.00 Direct Materials per unit 4.80 6.00 Direct Labor per unit Overhead per unit 7.98 84.60 14.78 $ 93.60 Total manufacturing cost per unit 4. Determine the profit or loss per unit for each product assuming ABC costing Product A Product B 20.00 $ Market price 60.00 Manufacturing cost per unit (14.78) (93.60) Profit(loss) per unit 33.60