QUESTION 1 Greenfields Ltd manufactures three products, W, X and Y. Each product uses the same materials and the same type of direct labour, but in different quantities. The company currently uses a full cost-plus basis to determine the selling price of its products. This is based on full cost, using an overhead absorption rate per direct labour hour. The direct costs of the three products are shown below: Budgeted annual production, in units Direct materials ($ per unit) Direct labour ($10 per hour) Product W 15,000 Product X Product Y 24,000 20,000 $35 $45 $30 $40 $30 $50 In addition to the above direct costs, Greenfields incurs annual indirect production costs of $1,044,000. Required: What is the full cost per unit of each product, using Greenfield's current method of absorption costing?