Can someone explain, how to find the Fixed Cost and the Total COPS from the table below? This is from the Financial Reporting, Financial Statement Analysis and Valuation(9th Edition) Chapter 10 problem 11, solutions can be found in the chegg solutions but need to understand how the fixed cost and total cost of product sold are derived?

CHAPTER 10 Forecasting Financial Statements Year 3 (s amounts in millions) $4,042 $3,887 155 5211 4554 663 AK Steel Sales Cost of products sold 3.896 27% Gross profit Gross margin $6,266 $5,997 s 269 1137 9129 2248 Nucor Sales Cost of products sold Gross proft Gross margin 4.3% 19.8% Industry analysts anticipate the following annual changes in sales for the next five year +1, 5% increase; Year +2, 10% increase; Year +3, 20% increase; Year +4, 10% de +5, 20% decrease. xt five years: Year decrease, Yea REQUIRED sold by divid change a. Estimate the variable cost as a percentage of sales for the cost of products in sales. Then multiply the variable-cost percentage times sales to estimate the total vari- able cost. Subtract the variable cost from the total cost to estimate the fixed cost for cost of products sold. Follow this procedure to estimate the manufacturing cost structure (variable cost as a percentage of sales, total variable costs, and total fixed costs) for cost ing the amount of the change in the cost of products sold by the amount of the of products sold for both AK Steel and Nucor in Year 4. light of the manufacturing process and type of steel produced. products sold, gross profit, and gross margin (gross profit as a percentage of sales) of b. Discuss the structure of manufacturing cost (that is, fixed versus variable) for each firm in c. Using the analysts' forecasts of sales growth rates, compute the projected sales, costof . Why do the levels and variability of the gross margin percentages differ for these two each firm for Year +1 through Year +5 firms for Year +1 through Year +5? 12 Identifying the Cost Structure. Sony Corporati on manufactures and