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 $27 per DLH) Direct materials cost Product A 11,500 units 0.12 DLH per unit $ 2.20 per unit Products 1,200 units 0.23 DLH per unit $ 2.90 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $ 17,652 58,000 76,700 $152,352 Required: Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line, Activity Driver Plantwide OH rato Total Overhead Cost Units Produced OH Cost per unit Overhead Assigned Product A Product B Product A Product B 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 11 setups 36 setups Number of parts required 16 part/unit 4 part/unit Inspection hours required 60 hours 235 hours Machine setup Materials handling Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handling Quality control Product B Machine setup Materials handling Quality control Product A Products 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