Assume the following information: Direct materials $ 70,000 Direct labor $ 43,000 Variable manufacturing overhead. $ 11,000 Fixed manufacturing overhead 25,000 Total manufacturing overhead $ 36,000 Variable selling expense Fixed selling expense $ 15,000 20,000 Total selling expense Variable administrative expense. Fixed administrative expense Total administrative expense What is the total product cost? $ 8,000 12,000 $ 35,000 $ 20,000