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 (@ $26 per DLH) Direct materials cost Product A 13,000 units 0.18 DLH per unit $ 2.40 per unit Product B 1,200 units 0.26 DLH per unit $ 2.70 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $122,460 57,000 59,220 $ 238, 680 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. Overhead costs $ 238. 680 0 per direct labor hour Direct labor hours Overhead Assigned Activity Plantwide OH Total Overhead Driver OH Cost rate Cost Units Produced per unit Product A 2,340S 98.00 $ 229,320 Product B 312 $ 98.00 $ 30,576 Total manufacturing cost per unit: Product 2.40 Product B 2.70 Total manufacturing cost 2.40 S 2. If the market price for Product A is $28.4 and the market price for Product B is $61, 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 setups setups production Number of parts required 16 part/unit 7 part/unit Inspection hours required hours 230 hours $ $ 4,373.57 per setup 122.460 28 Machine setup Overhead costs Number of setups Materials handling Overhead costs Number of parts Quality control $ $ 2,478.26 per part 57,000 2 3 Machine setup Overhead costs Number of setups $ $ 4,373.57 per setup 122,460 28 terials handling $ $ 2,478.26 per part 57,000 23 Overhead costs Number of parts Quality control Overhead costs Inspection hours 210.00 per inspection hour 282 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 + Machine setup Materials handling Quality control Product 2.40 Product B 2.70 $ 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