16.What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 120% (10 points)? A.$420. B.$459. C.$594. D.$672. E.None of the answers is correct.

The Pines Company, which manufactures office equipment, is ready to introduce a new line of portable copiers. The following copier data are available:

Variable manufacturing cost

$180

Variable selling and administrative cost

90

Applied fixed manufacturing cost

60

Allocated fixed selling and administrative cost

75