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

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

Kate's Kale Chips produces a healthy snack made primarily of kale. Each bag ofthe 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 forthe upcoming quarter: Projections Sales 23,589 bags Production 25,569 bags 1irfauriable manufacturing cost per bag $ 2.?9 Sales and distribution costs per bag $ 9.59 Total 'Fixed manufacturing overhead $ 56,186 Fixed administrative overhead 3. 21,569 Required: 1. Compute the projected product cost per bag produced under full costing. 2. Compute the projected product cost per bag under variable costing. [Round your answers to 2 decimal places.) Product cost under full costing Product cost under variable costing