Assume the following information:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadTotal manufacturing overheadVariable selling expenseFixed selling expenseTotal selling expenseVariable administrative expenseFixed administrative expenseTotal administrative expenseWhat is the total product cost?$ $70,000$$ $52,000$$ $10,00025,000$$ $15,00020,000$$ $8,00012,000$$ $35,000$$ $35,000$$ $20,000$