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This problem is for ACCT 212-Please assist! Thank you! Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with

This problem is for ACCT 212-Please assist! Thank you!

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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.) Product A Product B Number of units produced 11,500 units 1,900 units Direct labor cost (@ $26 per DLH) 0.20 DLH per unit 0.23 DLH per unit Direct materials cost $ 1.90 per unit $ 2.10 per unit Activity Overhead costs Machine setup $133,502 Materials handling 60,000 Quality control inspections 69,250 $262,752 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 unit Product A Product B Product A Product B 2. If the market price for Product A is $31.42 and the market price for Product B is $63, 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 the cost per unit for Product A and for Product B? Product A Product B Number of setups required for production 7 setups 34 setups Number of parts required 4 part/unit 3 part/unit Inspection hours required 52 hours 225 | hours Machine setup Materials handling Quality controlOverhead Assigned Activity Driver Activity Rate Total Overhead Cost Product A Machine setup Materials handling Quality control Product B Machine setup Materials handling Quality control Total manufacturing costs Product A Product B 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

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