Value minus Cola spends $ $1$ on direct$$ materials, direct$$ labor, and variable manufacturing overhead for every unit$(12-$pack of$$ soda$)$ it produces. Fixed manufacturing overhead costs $ $7$ million per year. The$$ plant, which is currently operating at only $65\%$ of$$ capacity, produced $25$ million units this year. Management plans to operate closer to full capacity next$$ year, producing $35$ million units. Management$$ doesn't anticipate any changes in the prices it pays for$$ materials, labor, and manufacturing overhead.

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Part $1$

Requirement $1.$ What is the current total product cost$($for the $25$ million$$ units$),$ including fixed and variable$$ costs?

Determine the$$ formula, then calculate the current total product cost$($for the $25$ million$$ units$),$ including fixed and variable costs.