Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sian. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places MYFAU Product A Product B Number of units produced 13,000 units 1,900 units Direct labor cost (@ $24 0.13 DLH per 0.23 DLH per per DLH) unit unit Direct materials cost $ 1.50 per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 33,244 61,000 101,440 $195,684 Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. 01 Activity Driver Plantwide OH Total Overhead rate Cost Units Produced OH Cost per unit Overhead Assigned Product A Product B Product Product B 2. If the market price for Product A is $21.7 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 4 setups 30 setups production Number of parts required 20 part/unit part/unit Inspection hours required 62 hours 255 hours Machine setup - 01 Materials handling To 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 Product B Market price 4.2 Should this information influence company strategy? Yes No