Homework: Chapter 2 Homework Save Score: 0.09 of 1 pt 4 of 4 (4 complete) HW Score: 77.34%, 3.09 of ... E2-29A (book/static) Question Help 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. Requirement 1. What is the current total product cost (for the 25 million units), including fixed and variable costs? Determine the formula, then calculate the current total product cost (for the 25 million units), including fixed and variable costs. + Total fixed costs 7 million Total variable costs 50 million Total product costs $ 57 million $ + $ Requirement 2. What is the current average product cost per unit? Determine the formula, then calculate the current average product cost per unit. (Enter your answer to the nearest cent.) Total product costs / Current year's produced units million Current average = product cost per unit per unit Question Viewer million 1 Choose from any list or enter any number in the input fields and then click Check Answer. parts Clear All Check Answer 5 remaining