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.) Bamber of units produced Direct labor coot ($25 per D Direct materials cont Product 12.000 unita 0.11 DH per unit 31.0 per unit Products 1,800 units 0.28 L per unit $ 2.70 per unit XOVETY Machine setup Materials handling Quality control inspections Overhead con 0.21124 59,000 95.110 5175, 104 Required: 1. Using direct lobor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. Overhead Assigned Activity Driver Plantwide Oh rate Total Overhead Cost Units Produced OH Cost per unit Product A Product B Product A Product B 2. If the market price for Product A is $21.15 and the market price for Product B is $60, determine the prolit or loss per unit for each product Product A Product B Market price 3. Consider the following additional information about these two product lines. Il ABC is used for assigning overhead costs to products, what is the cost per unit for Product A and for Product 8? Product A Product B Number of setups required for production 7 setups 18 setups Number of parts required 8 part/unit 10 part/unit Inspection hours required 62 hours 215 hours Machine setup 01 Materials handling 0 of Quality control Overhead Assigned Activity Driver Activity Rate Total Overhead Cost Product A Machine setup Materals handling Quality control Pint Product B Machine setup Matenals handling Quality control $ Product A Product 8 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 4.2 Based on your results in part 4 should the profit or loss per unit for each product influence company strategy? Yes O No