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 Kate's Kale Chips' projections for the upcoming quarter: Compute the projected product cost per bag produced under absorption costing. Compute the projected product cost per bag under variable costing