+ Bubbly Soda spends $2 on direct materials, direct labor, and variable manufacturing overhead for every unit (12-pack of soda) it produces. Fixed manufacturing overhead costs $7 million per year. The plant, which is currently operating at only 75% of capacity, produced 25 million units this year. Management plans to operate closer to full capacity next year, producing 35 million units. Management doesn't anticipate any changes in the prices it pays for materials, labor, and manufacturing overhead. Read the requirements Forecasted total variable costs Total fixed costs = total product costs $ 70 million + $ 7 million - $ 77 million Requirement 5. What is the forecasted average product cost next year? Determine the formula, then calculate the forecasted average product cost per unit. (Enter your answer to the nearest cent.) Forecasted average Forecasted total product cost Next year's forecasted units = product cost per unit $ 77 million 35 mill In = $ 2.20 per unit che st of 1 1 Requirement 6. What is the forecasted fixed cost per unit? Determine the formula, then calculate the forecasted fixed cost per unit. (Enter your answer to the nearest cont.) Forecasted fixed cost per unit million per unit million 1 Choose from any list or enter any number in the input fields and then click Check Answer. unit (12