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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

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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 (e $25 per DLH) Direct materials cost Product 12,000 units 2.20 DLH per unit $ 2,49 per unit Product B 1,100 units 0.23 DLH per unit $ 2.70 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $111,760 S6,000 71,010 $238, 770 Required: 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line 10 Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Product Product B Product A Products Pren Next > 2. If the market price for Product A is $31.64 and the market price for Product B in 565, determine the profit or lons 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 Product B Number of setups required for production 6 setups 34 setups Number of parts required 14 part/unit 3 part/unit Inspection hours required 58 hours 205 hours Machine setup 0 Materials handling Quality control Activity Driver Activity Rate Total Overhead Coat Overhead Assigned Product A Machine setup Materials handling Quality control 0 Product B Machine setup Materials handling Quality control Product 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 Market price Product B

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