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 BNumber of units produced 11,500 units 1.700 unitsDirect labor cost ($29 per DLH)0.16 DLH per unit 0.24 DLH per unitDirect materials cost $2.10 per unit $3.10 per unitActivity Overhead costsMachine setup $94,104Materials handling 53,000Quality control inspections 73.200$220,304Required1. Using direct labor hours as the basis for assigning overhoad costs, determine the total production cost per unit for each product line.2. If the market price for Product A is $28.68 and the market price for Product B is $58, determine the profit or loss per unit for each.3. Consider the following additional information about these two product lines. If ABC is used for assigning overhead costs to what is the cost per unit for Product A and for Product B? Product A Product BNumber of setups required for production 7 setups 16 setupsNumber of parts required 20 parts/unit 7 parts/unitInspection hours required 60 hours 245 hours4.1. Determine the profit or loss for each product, assuming ABC costing.4.2. Should this influence company strategy?o Yeso No