Grand-Cola spends $2 on direct materials, direct labor, and variable manufacturing overhead for every unit (12-pack of soda) it produces. Fixed manufacturing overhead costs $6 million per year. The Kplant, which is currently operating at only 75% of capacity, produced 15 million units this year. Management plans to operate closer to full capacity next year, producing 20 million units Management doesn't anticipate any changes in the prices it pays for materials, labor, and manufacturing overhead. Read the requirements Requirement 1. What is the current total product cost (for the 15 million units), including fixed and v Determine the formula, then calculate the current total product cost (for the $ Total fixed costs 6 15 million units), includin million $ Total variable costs 301 Total product costs million $36 milion Requirement 2. What is the current average product cost per unit? Determine the formula, then calculate the current average product cost per unit. (Enter your answer Current average product cost per unit Requirements 1. What is the current total product cost dor the 15 million unita), including fixed and variable costs? 2. What is the current average product cost per unit? 3. What is the current fixed cost per unit? 4. What is the forecasted total product cost next year for the 20 million units including fixed and variable cost? 5. What is the forecasted average product cost next year? 6. What is the forecasted fixed cost per unit? 7. Why does the average product cost decrease as production increases? million milioni per unit Print Done