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.) 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. 2. If the market price for Product A is $22.79 and the market price for Product B is $57, determine the profit or loss per unit for each product. \begin{tabular}{|l|l|l|l|} \hline Market price & \multicolumn{1}{|c|}{ Product A} & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to products, what is cost per unit for Product A and for Product B? Machine setup Materials handling Quality control 4. Determine the profit or loss per unit for each product assuming ABC costing. Market price \begin{tabular}{|l|l|} \hline Product A & Product B \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 4.2 Based on your results in part 4 , should the profit or loss per unit for each product influence company strategy? No Yes 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.) 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. 2. If the market price for Product A is $22.79 and the market price for Product B is $57, determine the profit or loss per unit for each product. \begin{tabular}{|l|l|l|l|} \hline Market price & \multicolumn{1}{|c|}{ Product A} & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to products, what is cost per unit for Product A and for Product B? Machine setup Materials handling Quality control 4. Determine the profit or loss per unit for each product assuming ABC costing. Market price \begin{tabular}{|l|l|} \hline Product A & Product B \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 4.2 Based on your results in part 4 , should the profit or loss per unit for each product influence company strategy? No Yes