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: Sales Production Variable manufacturing cost per bag Sales and distribution costs per bag Total fixed manufacturing overhead Fixed administrative overhead Required: Projections 24,500 bags 26,500 bags. $ 2.90 $ 0.60 $ 31,800 $ 22,500 1. Compute the projected product cost per bag produced under full costing. 2. Compute the projected product cost per bag under variable costing.