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 Direct labor cost ( $24 per DLH) Direct materials cost 10,000 units 0.20 DLH per unit $ 2 per unit 2,000 units 0.25 DLH per unit $ 3 per unit Activity Overhead costs Machine setup $121,000 48,000 Materials handling Quality control inspections 80,000 $249,000 Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line Activity OH Cost per Overhead Assigned Plantwide OH rate Total Overhead Cost Units Produced Driver unit Product A Product B Product A Product B 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 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 B Product A Number of setups required for production 10 setups 12 setups Number of parts required 1 part/unit 3 part/unit 210 hours 40 hours Inspection hours required Machine setup Materials handling Quality control Total Overhead Assigned Activity Driver Activity rate Overhead Cost Product A Machine setup Materials handling Total Overhead Overhead Assigned Activity Driver Activity rate Cost Product A Machine setup Materials handling Quality control Product B Machine setup Materials handling Quality control Total manufacturing costs Product A Product B 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