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15 Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone.
15 Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 30,000 phones. Additional information is as follows: Variable costs per Unit Direct materials Direct labor Overhead General and administrative Fixed Costs (total) $ 26 Overhead 51 General and administrative 31 61 $ 85,000 65,000 Print Using the total cost method what price should Pinkin charge? Multiple Choice $211.10 O $217.50 O $185.10
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