Jackson Paints makes and sells paint to home improvement stores. Jackson's only plant can produce up to 16 million cans of paint per year. Current annual production is 12 million cans. Fixed manufacturing, selling, and administrative costs total $18 million per year. The variable cost of making and selling each can of paint is $5.60. Stockholders expect a 15 annual return on the company's $42 million of assets. Read the requirements. Requirement 1. What is Jackson's current total cost of making and selling 12 million cans of paint? What is the current cost per can of paint? Select the formula labels and enter the amounts to calculate Jackson's current total cost and current cost per can of paint. (Enter currency amounts in dollars, not in millions. Ente values as whole numbers, not in millions. Round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest cent, $X.XX.) Plus: Divided by: otal cost per unit

annual rotum on the company's 542 millign of assets Pead the requromonts: Requirement 1. What is Jacksoris curtont total cost of making and selling 12 million cars of paint? What is the curent cont por can of paint? Seloct the formula labels and enter the amounts to caiculate Jacksoris curent total cont and current cost per can of paint. (Enter curency amounts in dollars, not in milkors. Einte alues as whole numbers, not in milhons. Round all curtencv amounts to the noafest whole dollar and round the cost per unt to the nearest cent, 5 )