Kate$$s Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sells for $$5.$ The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced that quarter. The following data are from the projections of Kate$$s Kale Chips for the upcoming quarter:

Projections

Sales $20,000$ bags

Production $22,000$ bags

Variable manufacturing cost per bag $ $2\mathrm{.}00$

Sales and distribution costs per bag $ $0\mathrm{.}15$

Total fixed manufacturing overhead $ $33,000$

Fixed administrative overhead $ $18,000$

Required:

$1.$ Compute the projected product cost per bag produced under full costing.

$2.$ Compute the projected product cost per bag under variable costing.