Lol Incorporated needs to determine a price for a new phone model. Lol desires a 25% markup on the total cost of the phone. iBison expects to sell 30,000 phones. Additional information is as follows: Variable Costs per Unit Direct materials Direct labor Overhead General and administrative Using the total cost method what price should Lol charge? Multiple Choice $256.10 Fixed Costs (total) $35 Overhead 60 General and administrative 40 70 $ 85,000 65,000

iBison Incorporated needs to determine a price for a new phone model. iBison desires a 25% markup on the total cost of the phone. iBison expects to sell 30,000 phones. Additional information is as follows: Using the total cost method what price should ibison charge? Multiple Chaice $256.10