Chang Industries has 1,600 defective units of product that already cost $42 each to produce. A salvage company will purchase the defective units as is for $19 each. Chang's production manager reports that the defects can be corrected for $34 per unit, enabling them to be sold at their regular market price of $35. The $42 per unit is a: Multiple Choice Incremental cost Sunk cost. Out-of-pocket cost. Opportunity cost. O Period cost. TB MC Qu. 10-112 (Algo) Pinkin Incorporated needs to determine a price... 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) $ 17 Overhead 42 General and administrative 22 $ 85,000 65,000 52 Using the total cost method what price should Pinkin charge