The following amounts of various cost categories are experienced by Columbia Factories in producing and selling its only product: Direct material $8.00 per unit of product Direct labor $10.00 per direct labor hour* Manufacturing overhead $12,000 + $4.00 per direct labor hour Selling expenses $14,000 + $3.00 per unit of product Administrative $7,000 + $0.50 per unit of product *Each unit of product requires one-half direct labor hour. Combine the various cost factors into a general total cost formula for Columbia Factories and determine the total cost of producing and selling 20,000 units.