Sippy Soda spends $ $3\mathrm{.}00on$ direct materials, direct labour, and variable manufacturing overhead for every unit $(12-$pack $of$ soda$)it$ produces. Fixed manufacturing overhead costs $$5$ million per year. The plant, which $is$ currently operating $at$ only $75\%of$ capacity, produced $2020$ million units this year. Management plans $to$ operate closer $to$ full capacity next year, producing $25$ million units. Management does not anticipate any changes $in$ the prices $it$ pays for materials, labour, and manufacturing overhead. Requirement $a.$ What $is$ the current total product cost $(for$ the $20$ million units$),$ including fixed and variable costs?

Determine the formula, then calculate the current total product cost.