23) 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 $ 20 Overhead, 25 General and administrative 55, Direct labor 45

Fixed Cost total

Overhead $ 85,000

General and administrative 65,000

Using the total cost method what price should Pinkin charge?

Multiple Choice

$167.50

$186.25

$181.10

$155.10

$187.50