Pinkin Inc. 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 38,000 phones. Additional information is as follows:

Variable product cost per unit	$	77
Variable administrative cost per unit		59
Total fixed overhead		99,000
Total fixed administrative		91,000

Using the total cost method what price should Pinkin charge