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6) Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the
6) 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 Fixed Costs (total) Direct materials Direct labor Overhead General and administrative $28 Overhead $ 85,000 53 General and administrative 65,000 33 63 Using the total cost method what price should Pinkin charge? (A) $221.10 B) $227.50 C) $195.10 D) $207.50
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