Cost Formula The following amounts of various cost categories are experienced by Patton Manufacturing in producing and selling its only product: Direct material $14.00 per unit of product Direct labor $i2.00 per direct labor hour" Manufacturing overhead $15,000 + $3.50 per direct labor hour Selling expenses $l7,000 + $2.75 per unit of product Administrative $9,000 + $0.40 per unit of product *Each unit of product requires i .5 direct labor hours. Combine the various cost factors into a general total cost formula for Patton Manufacturing and determine the total cost of producing and selling 25,000 units. Fixed costs + Variable costs = Total cost Direct material $ 0 $ $ Direct labor Manufacturing overhead Selling expenses Administrative Total cost 5 00000 000000 000000