Question Help * Smith Soda spends $1 on direct materials, direct labor, and variable manufacturing overhead for every unit (12-pack of soda) it produces. Fixed manufacturing overhead costs S6 million per year The plant, which is currently operating at only 75% of capacity, produced 25 million units this year. Management plans to operate closer to full capacity next year, producing 30 million units. Management doesn't anticipate any changes in the prices it pays for materials, labor, and manufacturing overhead. Read the requirements s year M Requirement 1. What is the current total product cost (for the 25 million units), including fixed and variable costs? Determine the formula, then calculate the current total product cost (for the 25 million units), including fixed and variable costs Total product costs millionmillion J million + million =