Biblio... Saved Help Seve & Kate's Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sells for s$5. The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced that quarter. The following data are from the projections of Kate's Kale Chips for the upcoming quarter Projections 24,580 bags 26,500 bags Sales Production Variable manufacturing cost per bag Sales and distribution costs per bag Total fixed manufacturing overhead Fixed administrative overhead 2.90 5 0.66 31,800 22,500 Required 1. Compute the projected product cost per bag produced under full costing 2. Compute the projected product cost per bag under vaniable costing (For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places.) per bag 1 Product cost under ful costing 2 Product cost under variable costing per bag