1. The standard cost data and volumes) for both products is detailed below: Basic Industrial Total Sales and Production Volume 15,000 5,000 Kgs of Material Used 45 Machine Hours per Unit 50 Labour Hours per Unit 2 2 Selling Price per Unit 350 450 10 10 currently uses an absorption costing system based on labour hours. Material costs are 6 per kg and labour is paid 25 per direct labour hour. In addition to those costs, manufacturing overhead costs for the year are expected to total 1,200,000. Required: (a) Calculate the per unit manufacturing cost of both products, the Basic and the Industrial using direct labour hours as the basis for absorbing manufacturing overheads into the products. Repeat the calculation using machine hours as the basis