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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
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)
Product A 11,500 units 0.18 DLH per Product B 1,500 units 0.23 DLH per Number of units produced Direct labor cost(@$23 per DLH) Direct materials cost unit unit $2.5 per unit $ 2.7 per unit Overhead Activity costs Machine setup Materials handling Quality control $102,700 52,000 77,140 $231,840 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 Driver OH Cost per unit Overhead Assigned Product A Product EB Plantwide OH rate Total Overhead Cost Units Produced Product A Product BStep by Step Solution
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