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Please answer part 1-7 The plart, which is corrondy operating at only 75% of capacity. produced 15 millon units this year. Management plans to operate

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The plart, which is corrondy operating at only 75% of capacity. produced 15 millon units this year. Management plans to operate closer to fuif capacity nest year, producing 20 millon units. Management doesint anticipate any changes in the prices it pays for materists, labor, and manufacturing overhead Road the reguerements: Requirement 1. What is the current total product cost (for the 15 milion units), including faed and varuble costs? Determine the formula, then calculsie the current total product cost (for the 15 milion units), including fxed and varable costs. Requirements 1. What is the currert fotal product cost (for the 15 milion units), including fred and varable costa? 2. What is the current average product cost per unit? 3. What is the current fored cost per unit? 4. What is the forecasted total product cost next year (for the 20 million unts). including foxed and variable costs? 5. What is the forecasted average product cost next year? 6. What is the forecasted foced cost per unit? 7. Why does the average product cost decrease as production increases

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