Requirement d. What is the forecasted total product cost next year (for the 20 million units)? Determine the formula, then calculate the forecasted total product cost next year. Forecasted = total product costs million million = million Requirement e. What is the forecasted average product cost next year? Determine the formula, then calculate the forecasted average product cost per unit next year. (Round your answer to the nearest cent.) Forecasted average product cost per unit million million = per unit Requirement f. What is the forecasted fixed cost per unit? Determine the formula, then calculate the forecasted fixed cost per unit. (Round your answer to the nearest cent.) Forecasted fixed cost per unit million million per unit Requirement g. Why does the average product cost decrease as production increases? The average product cost decreases as production volume increases because the company is over 5 million more units. The company will be operating efficiently, so the average cost of making each unit decreases.Grand-Cola spends $1.50 on direct materials, direct labour, and variable manufacturing overhead for every unit (12-pack of soda) it produces. Fixed manufacturing overhead costs $6 million per year. The plant, which is currently operating at only 70% of capacity, produced 15 million units this year. Management plans to operate closer to full capacity next year, producing 20 million units. Management does not anticipate any changes in the prices it pays for materials, labour, and manufacturing overhead. Requirements Requirement a. What is the current total product cost (for the 15 million units), including fixed and variable costs? Determine the formula, then calculate the current total product cost = Total product costs million million roduct cost per unit? Current year's produced units nt average product cost per unit. (Round your answer to the nearest cent.) Forecasted total variable costs Current average = product cost per unit Next year's forecasted units million = per unit R Total fixed costs per unit? Total variable costs nt fixed cost per unit. (Round your answer to the nearest cent.) Current fixed cost per unit million million per unit