Please fix my mistakes

Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Product Products Sumber of units produced 10,000 units 2,000 units Direct labor cost (e $24 per DLH) 0.20 DLH per unit 0.25 DLH per unit Direct materials cost $ 2 per unit $ 3 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $121,000 48.000 80,000 $249,000 Required: Answer is complete but not entirely correct. 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for each product line. Overhead cost por direct labor $ 249.000 90.60 hour Direct labor hours 2,500 Overhead Assigned Activity Plantwide OH Total Overhead Driver Units Produced OH Cost Cost per unit Product 2.000 $ 99.60 $ 199,200 10,000 $ 19.92 Products 500 $ 99.60 $ 49,800 2,000 $ 24.90 Product B 3.00 $ Total manufacturing cost per unit: Direct material cost per unit Direct labor cost per unit Overhead cost per unit Total manufacturing out Product A 2.00$ 4.80 19.02 6.00 24.00 33.90 $ 26.72 IS 2. It the market price for Product Als 520 and the market price for Product B is $60, determine the profit or loss per unit for each product. Product A Product B 2,000$ 500$ 99.60 $ 99.60 $ 199,200 49,800 10,000 $ 2,000 $ 19.92 24.90 $ Total manufacturing cost per unit: Direct material cost per unit Direct labor cost per unit Overhead cost per unit Total manufacturing cost Product A 2.00$ 4.80 19.92 Product B 3.00 6.00 24.90 33.90 $ 26.72 $ 2. If the market price for Product is $20 and the market price for Product B is $60, determine the profit or loss por unit for each product. Product A Product B Market price $ 20.00$ 60.00 Manufacturing cost per unit (26.72) (33.90) Profit(loss) per unit (6.72) $ 26.10 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 10 setups 12 setups Number of parts required 1 part/unit 3 part/unit Inspection hours required 40 hours 210 hours 5,500.00 per setup $ 121.000$ 22 Machine setup Overhead costs Number of setups Materials handling Overhead costs Number of parts Quality control Overhead costs Inspection hours 3.00 per part $ 48.000$ 16.000 320.00 $ 80.000$ 250 por inspection hour Overhead Assigned Activity Driver Activity rate Total Overhead Cost Product A Machine setup 10 setups 5,500.00 per setup $ 55,000 MAR Inspection hours 250 Overhead Assigned Activity Driver Activity rate Total Overhead Cost S 10 setups 10,000 parts 40 inspection hours $ $ 55,000 30,000 5,500.00 per setup 3.00 per part 320.00 per inspection hour $ s 12,800 97,800 22 22.00 $ $ Product A Machine setup Materials handling Quality control Total overhead costs assigned Total units produced Overhead cost per unit Product B Machine setup Materials handling Quality control Total overhead costs assigned Total units produced Overhead cost per unit Total manufacturing costs Direct Materials per unit Direct Labor per unit Overhead per unit Total manufacturing cost per unit 12setup 6,000 parts 210 Inspection hours $ $ 5,500.00 3.00 per setup per part per inspection hour 66,000 18,000 67,200 $ 320.00 $ 151,200 22 $ 22.00 Product B 3.00 $ Product A 2.00$ 4.80 9.78 16.58 $ 6.00 75.60 84.60 4. Determine the profit or loss per unit for each product assuming ABC costing. Product A Market price $ 22.00 $ Manufacturing cost per unit (16.58) Profit(loss) per unit $ 22.00 $ Product B 22.00 (84.60) 22.00