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 ($27 per DLR) Direet materials cost Product A 13,000 units 0.12 DLH per unit $ 2.30 per unit Products 1,300 units 0.26 LH per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 51,634 56,000 68,880 $176,514 Required: 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. $ 176,514 o per direct labor hour Overhead costs Direct labor hours Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Overhead Assigned Product A Product B Product A Products 2. If the market price for Product Als 122.94 and the market price for Product is 650, determine the profit or loss per unit for each product Product A Product Market price 3. Consider the following additional Information about these two product lines ABC is used for assigning overhead costs to products, what Is the cost per unit for Product A and for Product ? Product A Product Iva 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 production 4 setups 36 setups Number of parts required 12 part/unit 4 part/unit Inspection hours required 52 hours 235 hours Machine setup Materials handling Quality control es Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handing Quality control $ 0 Product B Machine setup Materials handing Quality control $ Product A Product B Total manufacturing costs Direct Materials per unit Direct Labor per unit 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 es 4. Determine the profit or loss per unit for each product assuming ABC costing. Product A Market price Product 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy? Yes NO