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Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be Indicated with a minus sign. Rou your intermediate calculations and "OH rate and cost per unlt" answers to 2 decimal places.) Number of units produced Direct labor cost (@ $23 per DLH) Direct materials cost Product A 11,508 units 9.20 DLH per unit $ 1.78 per unit Product B 1,300 units 0.27 DLH per unit $ 2.70 per unit Activity Machine setup Materials handling Quality control inspections Overhead costs $118,999 56, Bee 87.450 $262,449 Required: 1. Using direct labor 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 Product A Product B Product A Product B 2. If the market price for Product A is $31.22 and the market price for Product B is $57, determine the profit or loss per unit for each product. Product A Product B Market price 3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to products, what is t cost per unit for Product A and for Product B? Product A Product B Number of setups required for production 4 setups 14 setups Number of parts required 14 part/unit 11 part/unit Inspection hours required 50 hours 215 hours Machine setup 01 Materials handling of Quality control 011 Activity Driver Activity Rate Total Overhead Cost Overhead Assigned Product A Machine setup Materials handling Quality control s Product B Machine setup Materials handling Quality control S Product A Product B 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 Product B Market price Glassworks Inc. produces two types of glass shelving rounded edge and squared edge, on the same production line. For the cur period, the company reports the following data. Direct materials Direct labor overhead (3eex of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge 59,58e 6,100 18,390 $ 33,990 18,488 ft. $ 3.26 Squared Edge Total $ 21,600 $ 31,100 11,900 18,000 35,zee 54, eee $ 69,200 $183,100 14,100 ft. $ 4.91 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54.000 of overhead costs incurred by the tw product lines to see whether cost per foot would change markedly from that reported above. She has collected the following Information Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 2,160 28,840 23,880 $ 54,888 She has also collected the following Information about the cost drivers for each category (cost pool) and the amount of each drive used by the two product lines. (Round activity rate and cost per unlt answers to 2 decimal places.) Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge $6,180 300 hours 31 times Squared Edge $11,900 890 hours 94 times Total $18,000 1,180 hours 125 times Activity Rate 9% 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups Rounded edge Activity rate Supervision % 0 Depreciation of machinery 0 Assembly line preparation Activity driver incurred Overhead assigned ololo Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation 960 OOO 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge