Bubbly Soda spends 52 on direct materials, direct labor, and variable manufacturing overhead for every unit (12-pack of soda) it produces Fored manufacturing overhead costs $7 million per year. The plant, which is currently operating at only 75% of capacity, produced 25 milion units this year. Management plans to operate closer to full capacity next year, producing 35 m on units Management doesn't anticipate any changes in the prices pays for materials, labor, and manufacturing overhead Read the requirements Requirement 1. What is the current total product cost for the 25 milion units, induding foxed and variable costs? Determine the formula, then calculate the current lotal product cost for the 25 million units), including food and variable costs Total fed costs = Total variable costs million Total product costs million + million Requirements 1. What is the current total product cost (for the 25 million units), including fixed and variable costs? 2. What is the current average product cost per unit? 3. What is the current fixed cost per unit? 4. What is the forecasted total product cost next year (for the 35 million units). including fixed and variable costs? 5. What is the forecasted average product cost next year? 6. What is the forecasted fixed cost per unit? 7. Why does the average product cost decrease as production increases? Print Done