Great - Cola spends $1 on direct matenals, direct labor, and variable manufacturing overhead for every unt (12-pack of soda) is produces. Fixed manufacturing overhead costs $6 milion per year. The plant which is currenily operating at only Bow of capacily, produced 30 milion units this year. Management plans to operato doser to fulf capacily next yoar, producing 49 milion units. Managemant doesnt antiopale any changes in the pricos it pays for materials, labor, and manulacturing overhead. Read the reaviremeots. Requirement 1. What is the current fotal product cost (for the 30 millon units), inchuding seed and varisble costs? Determine the formula, then caloulate the current total product cost (for the 30 melion units). inducing fored and variable coats Requirements 1. What is the current total product cost (for the 30 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 sotal product cost next year (for the 40 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