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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 rate and cost per unit" answers to 2 decimal places.) Number of units produced Direct labor cost (e $26 per DLR) Direct materials cost Product A 10,500 units 0.21 Lt per unit $ 1.60 per unit Product 1,700 unita 0.27 DL per unit $ 2.30 per unit Activity Machine setup Material handling Quality control inspections Overhead conta $ 95,656 53,000 88, 440 $237,096 Required: 1. Using direct labor hours as the basis for assigning overhand costa, determine the total production cost per unit for each product line. Overhend cost o per direct labor hour Direct Inbor hours Overhead Assigned Activity Driver Plantwide OH rate Total Overhead Cost OH Cost per unit Product A Products Units Produced Product A Product B 2. If the market price for Product Als 5037 and the market price for Product is $56, determine the profit or loss per unit for each product Product A Products Market price 3. Consider the following additional Information about these two product lines. If ABC is used for assigning av head costs to products, what is the cost per unit for Product A and for Product 37 Product Product Number of setups required for production 11 setups 20 Number of parts required setups 12 portunit 3 part unit Inspection hours required 48 hours 220 hours Machine setup Direct materials Direct labor costs Materials handling Machine hours Quality control Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product Machine setup Material handling Quality control Products Machine setup Materials handling Quality control S 0 Product A Products Total manufacturing costs Direct Misterials 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 Products Market price 4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy