PA1. LO 6.1 Colonels uses a traditional cost system and estimates next year's overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: Small 32,000 Large Medium 12,000 $ 8 Units Direct Material Cost Direct Labor Hours per Unit 4,000 10 If the labor rate is $25 per hour, what is the per-unit cost of each product? PA2. LO 6.1 Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27.000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,000 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours A. What is the gross profit per unit for Diamonds and Clubs? B. What is the total gross profit for the year? h osts