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 unit" answers to 2 decimal places.) Number of units produced Direct labor cost (a $30 per DLH) Direct materials cost Product A Product B 11,000 units 1,800 units 0.20 DLH per 0.30 DLH per unit unit $ 1.60 per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $137, 760 58,000 75,500 $271,260 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 Activity Driver Plantwide OH Total Overhead rate Cost Units Produced OH Cost per unit Overhead Assigned Product A Product B Product A Product B 2. If the market price for Product A is $33.64 and the market price for Product B is $57, 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 3 setups 14 production setups Number of parts required 10 part/unit 4 part/unit Inspection hours required 52 hours 250 hours Machine setup ol Materials handling 0 Quality control 0 Overhead Assigned Activity Driver Activity Rate Total Overhead Cost Product A Machine setup Materials handling Quality control $ 0 Product B Machine 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 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? No Yes