For XYZ Company, the following information related to costs is available for the last quarter: direct materials $2,000, direct labor $3,000, variable MOH $400, fixed MOH $1,600 and selling and administrative expenses $3,000. The product cost under absorption costing is:
a. $7,000
b. $5,400
c. $10,000
d. none of the given answers
e. $6,600