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Question 7 Not yet Quick Connect manufactures high-tech cell phones. Quick Connect has a policy of adding a 20% markup to full costs and currently has excess answered capacity. The following information pertains to the company's normal operations per month: arked out of Output units 1.250 phones Machine-hours 750 hours Flag ation Direct manufacturing labor-hours 700 hours Direct materials per unit $20 Direct manufacturing labor per hour $8 Variable manufacturing overhead costs $175,000.00 Fixed manufacturing overhead costs $126,300 Product and process design costs $143,000 Marketing and distribution costs $153,645 For long-run pricing of the cell phones, what price will most likely be used by Quick Connect? Select one: O a. $502.84 O b. $603.41 O c. $237.32